https://www.taxtmi.com/caselaws?id=424391 The Tribunal partially allowed the appeal, directing the AO/TPO to reconsider certain adjustments and exclusions in transfer pricing issues based on proper filters and judicial precedents. The Tribunal emphasized the importance of proper working capital adjustments and recognized the legitimacy of business-related advances and reasonable per diem allowances. The Tribunal allowed specific grounds related to turnover filter application, interest on outstanding receivables, advances written off, and ad-hoc disallowance of per diem allowance. en-us Mon, 01 Nov 2021 00:00:00 +0530 Wed, 29 Jun 2022 09:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424391 The Tribunal partially allowed the appeal, directing the AO/TPO to reconsider certain adjustments and exclusions in transfer pricing issues based on proper filters and judicial precedents. The Tribunal emphasized the importance of proper working capital adjustments and recognized the legitimacy of business-related advances and reasonable per diem allowances. The Tribunal allowed specific grounds related to turnover filter application, interest on outstanding receivables, advances written off, and ad-hoc disallowance of per diem allowance. Case-Laws Income Tax Mon, 01 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424391