https://www.taxtmi.com/caselaws?id=394047 The Tribunal partially allowed the appeal of the assessee, remitting the issue of transfer pricing adjustment in respect of technical know-how fees back to the Transfer Pricing Officer (TPO)/Assessing Officer (AO) for fresh determination of the arm's length price (ALP) as per the prescribed rules, providing an opportunity of hearing for the assessee. Other grounds related to incorrect imputation of mark-up on recovery of expenses, rejection of a comparable company, and use of single-year data for margin computation were dismissed as not pressed due to low tax effect, with a clarification that it should not be taken as an admission for other assessment years. en-us Wed, 04 Mar 2020 00:00:00 +0530 Sat, 28 Mar 2020 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394047 The Tribunal partially allowed the appeal of the assessee, remitting the issue of transfer pricing adjustment in respect of technical know-how fees back to the Transfer Pricing Officer (TPO)/Assessing Officer (AO) for fresh determination of the arm's length price (ALP) as per the prescribed rules, providing an opportunity of hearing for the assessee. Other grounds related to incorrect imputation of mark-up on recovery of expenses, rejection of a comparable company, and use of single-year data for margin computation were dismissed as not pressed due to low tax effect, with a clarification that it should not be taken as an admission for other assessment years. Case-Laws Income Tax Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394047