https://www.taxtmi.com/caselaws?id=303293 The Tribunal ruled in favor of the assessee, directing the deletion of Transfer Pricing (TP) adjustments made by the Transfer Pricing Officer (TPO) and upheld by the Dispute Resolution Panel (DRP). The Tribunal emphasized that the TPO should not apply the benefit test but should focus on whether the method used by the assessee to determine the Arm's Length Price (ALP) was appropriate. Various adjustments related to Advertisement, Marketing, and Promotion (AMP) expenses, royalty payments for technical know-how and trademark, import of finished goods for resale, and payments for marketing and consulting services were all deleted by the Tribunal. en-us Fri, 17 Jan 2020 00:00:00 +0530 Tue, 12 Jul 2022 20:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303293 The Tribunal ruled in favor of the assessee, directing the deletion of Transfer Pricing (TP) adjustments made by the Transfer Pricing Officer (TPO) and upheld by the Dispute Resolution Panel (DRP). The Tribunal emphasized that the TPO should not apply the benefit test but should focus on whether the method used by the assessee to determine the Arm's Length Price (ALP) was appropriate. Various adjustments related to Advertisement, Marketing, and Promotion (AMP) expenses, royalty payments for technical know-how and trademark, import of finished goods for resale, and payments for marketing and consulting services were all deleted by the Tribunal. Case-Laws Income Tax Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303293