https://www.taxtmi.com/caselaws?id=431305 The Tribunal ruled in favor of the assessee, directing the deletion of the transfer pricing adjustment related to the reimbursement of seafarer expenses. The dispute arose from the incorrect interpretation of the international transaction, where the TPO determined the arm's length price as Nil, leading to a significant adjustment proposal. Despite initial findings, the Tribunal sided with the assessee, emphasizing that the adjustment was based on a flawed understanding of the facts. en-us Thu, 18 Aug 2022 00:00:00 +0530 Sat, 10 Dec 2022 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431305 The Tribunal ruled in favor of the assessee, directing the deletion of the transfer pricing adjustment related to the reimbursement of seafarer expenses. The dispute arose from the incorrect interpretation of the international transaction, where the TPO determined the arm's length price as Nil, leading to a significant adjustment proposal. Despite initial findings, the Tribunal sided with the assessee, emphasizing that the adjustment was based on a flawed understanding of the facts. Case-Laws Income Tax Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431305