https://www.taxtmi.com/caselaws?id=431425 The Tribunal partially allowed the appeal, directing the AO to delete additions made for the purchase of raw materials and components, data management and related service fees, purchase of fixed and intangible assets, and payment of trademark fees. The Tribunal upheld the adjustment for the reimbursement of expenses, emphasizing the need for benchmarking international transactions. Penalty proceedings were not separately analyzed as primary issues favored the assessee. en-us Wed, 07 Dec 2022 00:00:00 +0530 Tue, 13 Dec 2022 08:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431425 The Tribunal partially allowed the appeal, directing the AO to delete additions made for the purchase of raw materials and components, data management and related service fees, purchase of fixed and intangible assets, and payment of trademark fees. The Tribunal upheld the adjustment for the reimbursement of expenses, emphasizing the need for benchmarking international transactions. Penalty proceedings were not separately analyzed as primary issues favored the assessee. Case-Laws Income Tax Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431425