https://www.taxtmi.com/caselaws?id=398928 The Tribunal partly allowed the appeal, finding in favor of the assessee on various grounds including transfer pricing adjustment, characterization of distribution fee, and selection of comparables. Several issues were remanded back to the Transfer Pricing Officer or Assessing Officer for reconsideration. The Tribunal dismissed the assessee's challenge to penalty proceedings as premature. The decision aligned with prior rulings in the assessee's favor for earlier assessment years. The order was issued on September 21, 2020. en-us Mon, 21 Sep 2020 00:00:00 +0530 Mon, 28 Sep 2020 08:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398928 The Tribunal partly allowed the appeal, finding in favor of the assessee on various grounds including transfer pricing adjustment, characterization of distribution fee, and selection of comparables. Several issues were remanded back to the Transfer Pricing Officer or Assessing Officer for reconsideration. The Tribunal dismissed the assessee's challenge to penalty proceedings as premature. The decision aligned with prior rulings in the assessee's favor for earlier assessment years. The order was issued on September 21, 2020. Case-Laws Income Tax Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398928