https://www.taxtmi.com/caselaws?id=426062 The Tribunal partly allowed the appeal, directing a re-examination of transfer pricing adjustments using the Comparable Uncontrolled Price (CUP) method. The compensation received for termination of the marketing support agreement was upheld as a revenue receipt. The interest charged under sections 234A and 234B was deemed infructuous, with penalty proceedings dismissed as premature. The Tribunal instructed verification of interest charged under section 234A, resulting in a mixed outcome for the assessee. en-us Thu, 19 May 2022 00:00:00 +0530 Fri, 02 Dec 2022 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426062 The Tribunal partly allowed the appeal, directing a re-examination of transfer pricing adjustments using the Comparable Uncontrolled Price (CUP) method. The compensation received for termination of the marketing support agreement was upheld as a revenue receipt. The interest charged under sections 234A and 234B was deemed infructuous, with penalty proceedings dismissed as premature. The Tribunal instructed verification of interest charged under section 234A, resulting in a mixed outcome for the assessee. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426062