https://www.taxtmi.com/caselaws?id=395598 The Tribunal allowed the appeals, deleting the disallowances on R&D expenses, management fees, and tender costs. It emphasized the TPO's limited jurisdiction to determine the arm's length price and not question the commercial wisdom or genuineness of expenditures. The Tribunal found violations of natural justice in enhancing adjustments without proper notice and deemed the adjustments legally unsustainable. The delay in the order due to Covid-19 lockdown was justified, and similar issues for subsequent assessment years were resolved in line with the 2007-08 assessment year's decisions. en-us Wed, 27 May 2020 00:00:00 +0530 Fri, 29 May 2020 11:49:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395598 The Tribunal allowed the appeals, deleting the disallowances on R&D expenses, management fees, and tender costs. It emphasized the TPO's limited jurisdiction to determine the arm's length price and not question the commercial wisdom or genuineness of expenditures. The Tribunal found violations of natural justice in enhancing adjustments without proper notice and deemed the adjustments legally unsustainable. The delay in the order due to Covid-19 lockdown was justified, and similar issues for subsequent assessment years were resolved in line with the 2007-08 assessment year's decisions. Case-Laws Income Tax Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395598