https://www.taxtmi.com/caselaws?id=396825 The Tribunal partly allowed the appeal, directing the Transfer Pricing Officer to reassess the transfer pricing adjustments by verifying the segmental data of comparables and granting appropriate relief. The assessing officer was instructed to verify the TDS details and consider the deduction of education cess. Penalty proceedings were deemed premature and left unaddressed. The Tribunal upheld the appellant's position that the distribution fee paid to associated enterprises is not royalty, following prior decisions and the Bombay High Court's ruling. en-us Mon, 29 Jun 2020 00:00:00 +0530 Tue, 21 Jul 2020 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396825 The Tribunal partly allowed the appeal, directing the Transfer Pricing Officer to reassess the transfer pricing adjustments by verifying the segmental data of comparables and granting appropriate relief. The assessing officer was instructed to verify the TDS details and consider the deduction of education cess. Penalty proceedings were deemed premature and left unaddressed. The Tribunal upheld the appellant's position that the distribution fee paid to associated enterprises is not royalty, following prior decisions and the Bombay High Court's ruling. Case-Laws Income Tax Mon, 29 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396825