https://www.taxtmi.com/caselaws?id=286806 The Tribunal allowed the appeal of the assessee, directing the deletion of the adjustment made to the Arm's Length Price for shared services under the Cost Contribution Arrangement. The Tribunal emphasized the necessity and benefits of the shared services and found the Transfer Pricing Officer's conclusion that no services were rendered to be incorrect. The Tribunal held that the TPO cannot question the benefits claimed by the assessee from the services received, ultimately deleting the entire adjustment of Rs. 7,50,68,892/- towards the payment of cost contribution charges. en-us Wed, 11 Dec 2019 00:00:00 +0530 Mon, 16 Mar 2020 07:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286806 The Tribunal allowed the appeal of the assessee, directing the deletion of the adjustment made to the Arm's Length Price for shared services under the Cost Contribution Arrangement. The Tribunal emphasized the necessity and benefits of the shared services and found the Transfer Pricing Officer's conclusion that no services were rendered to be incorrect. The Tribunal held that the TPO cannot question the benefits claimed by the assessee from the services received, ultimately deleting the entire adjustment of Rs. 7,50,68,892/- towards the payment of cost contribution charges. Case-Laws Income Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286806