https://www.taxtmi.com/caselaws?id=431375 The Appellate Tribunal overturned the CIT(A)'s decision to uphold the arm's length price adjustment of Rs. 17,63,878. The Tribunal ruled in favor of the appellant, a limited risk distributor, stating that the appellant's profits were already at arm's length based on comparables with similar activities. Therefore, the Tribunal deleted the adjustment, providing relief to the appellant. The decision emphasizes the importance of considering specific circumstances and ensuring adjustments align with the arm's length principle. en-us Fri, 26 Aug 2022 00:00:00 +0530 Mon, 12 Dec 2022 06:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431375 The Appellate Tribunal overturned the CIT(A)'s decision to uphold the arm's length price adjustment of Rs. 17,63,878. The Tribunal ruled in favor of the appellant, a limited risk distributor, stating that the appellant's profits were already at arm's length based on comparables with similar activities. Therefore, the Tribunal deleted the adjustment, providing relief to the appellant. The decision emphasizes the importance of considering specific circumstances and ensuring adjustments align with the arm's length principle. Case-Laws Income Tax Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431375