https://www.taxtmi.com/caselaws?id=404183 The Tribunal partly allowed the appeal, emphasizing the importance of accurate transfer pricing adjustments based on international transactions. It highlighted the need to adhere to prescribed methods and consider transaction nature for assessments. The Tribunal set aside the transfer pricing adjustment calculation, instructing verification and adjustments by the Assessing Officer/Transfer Pricing Officer, granting the appellant a hearing in fresh proceedings. The decision was delivered on 16th February 2021 by the Tribunal, comprising Vice President Shri R.S. Syal and Judicial Member Shri S.S. Viswanethra Ravi. Legal representatives were Ms. Pallavi Dinodia for the Assessee and Shri Krishna Kumar Mishra for the Revenue. en-us Tue, 16 Feb 2021 00:00:00 +0530 Thu, 18 Feb 2021 04:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404183 The Tribunal partly allowed the appeal, emphasizing the importance of accurate transfer pricing adjustments based on international transactions. It highlighted the need to adhere to prescribed methods and consider transaction nature for assessments. The Tribunal set aside the transfer pricing adjustment calculation, instructing verification and adjustments by the Assessing Officer/Transfer Pricing Officer, granting the appellant a hearing in fresh proceedings. The decision was delivered on 16th February 2021 by the Tribunal, comprising Vice President Shri R.S. Syal and Judicial Member Shri S.S. Viswanethra Ravi. Legal representatives were Ms. Pallavi Dinodia for the Assessee and Shri Krishna Kumar Mishra for the Revenue. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404183