https://www.taxtmi.com/caselaws?id=285923 The Tribunal partly allowed the appeals of both the Revenue and the assessee, providing specific directions on each issue. The Tribunal emphasized the importance of functional comparability in transfer pricing and the necessity of obtaining proper approvals for claiming deductions under Section 10B. Additionally, the Tribunal upheld the principle of providing working capital adjustments to ensure parity between the assessee and comparables. en-us Fri, 08 Feb 2019 00:00:00 +0530 Mon, 03 Feb 2020 15:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285923 The Tribunal partly allowed the appeals of both the Revenue and the assessee, providing specific directions on each issue. The Tribunal emphasized the importance of functional comparability in transfer pricing and the necessity of obtaining proper approvals for claiming deductions under Section 10B. Additionally, the Tribunal upheld the principle of providing working capital adjustments to ensure parity between the assessee and comparables. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285923