https://www.taxtmi.com/caselaws?id=414268 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal. The methodology for transfer pricing adjustment must follow the arithmetic mean as per Section 92C(2). Choosing to appeal before the CIT(A) does not signify acceptance of the draft assessment order. The power and VAT subsidies under the West Bengal Industrial Scheme were correctly classified as capital receipts and not subject to taxation. en-us Thu, 28 Oct 2021 00:00:00 +0530 Thu, 30 Dec 2021 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414268 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal. The methodology for transfer pricing adjustment must follow the arithmetic mean as per Section 92C(2). Choosing to appeal before the CIT(A) does not signify acceptance of the draft assessment order. The power and VAT subsidies under the West Bengal Industrial Scheme were correctly classified as capital receipts and not subject to taxation. Case-Laws Income Tax Thu, 28 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414268