https://www.taxtmi.com/caselaws?id=431122 The Tribunal allowed the assessee's appeal, setting aside the Bright Line Test (BLT)-based adjustment of Rs. 36,93,24,653/-. The total income assessment was revised, emphasizing adherence to established legal principles and precedents in Transfer Pricing disputes. The penalty proceedings were likely impacted by this decision, as the basis for the penalty was undermined following the Tribunal's ruling on the adjustment method. en-us Wed, 08 Jun 2022 00:00:00 +0530 Tue, 18 Apr 2023 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431122 The Tribunal allowed the assessee's appeal, setting aside the Bright Line Test (BLT)-based adjustment of Rs. 36,93,24,653/-. The total income assessment was revised, emphasizing adherence to established legal principles and precedents in Transfer Pricing disputes. The penalty proceedings were likely impacted by this decision, as the basis for the penalty was undermined following the Tribunal's ruling on the adjustment method. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431122