https://www.taxtmi.com/caselaws?id=294845 The Tribunal upheld the DRP's directions on all issues, dismissing both the revenue's appeal and the assessee's cross-objections. The TNMM method was consistently applied, working capital adjustments were provided, interest on receivables was computed, and travelling expenses were allowed. The Tribunal found these decisions legally sound and appropriate, emphasizing the need for consistency in the application of transfer pricing methods and supporting adjustments for comparability. en-us Mon, 02 Apr 2018 00:00:00 +0530 Thu, 06 May 2021 08:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294845 The Tribunal upheld the DRP's directions on all issues, dismissing both the revenue's appeal and the assessee's cross-objections. The TNMM method was consistently applied, working capital adjustments were provided, interest on receivables was computed, and travelling expenses were allowed. The Tribunal found these decisions legally sound and appropriate, emphasizing the need for consistency in the application of transfer pricing methods and supporting adjustments for comparability. Case-Laws Income Tax Mon, 02 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294845