https://www.taxtmi.com/caselaws?id=419308 The Tribunal partly allowed the appeal, directing the AO/TPO to adopt the Resale Price Method as the Most Appropriate Method for determining the Arm's Length Price of international transactions. Additionally, the Tribunal ruled that provisions for bonus and long service award should not be added to book profits under section 115JB of the Income Tax Act, considering them ascertained liabilities. The AO/TPO was instructed to exclude these provisions from the computation of book profits. en-us Mon, 28 Feb 2022 00:00:00 +0530 Mon, 07 Mar 2022 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419308 The Tribunal partly allowed the appeal, directing the AO/TPO to adopt the Resale Price Method as the Most Appropriate Method for determining the Arm's Length Price of international transactions. Additionally, the Tribunal ruled that provisions for bonus and long service award should not be added to book profits under section 115JB of the Income Tax Act, considering them ascertained liabilities. The AO/TPO was instructed to exclude these provisions from the computation of book profits. Case-Laws Income Tax Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419308