https://www.taxtmi.com/caselaws?id=306283 The Tribunal ruled in favor of the assessee, dismissing the adjustments related to royalty, commission, and interest on receivables. It emphasized the correctness of the Transaction Net Margin Method (TNMM) approach for benchmarking royalty and commission payments and highlighted the consistency in the assessee's credit policy for both related and unrelated parties. The Tribunal held that the Transfer Pricing Officer's role is limited to determining the Arm's Length Price and cannot assess the business needs of the assessee, ultimately deeming the adjustments unsustainable and directing their deletion. en-us Mon, 27 Sep 2021 00:00:00 +0530 Fri, 20 Jan 2023 07:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306283 The Tribunal ruled in favor of the assessee, dismissing the adjustments related to royalty, commission, and interest on receivables. It emphasized the correctness of the Transaction Net Margin Method (TNMM) approach for benchmarking royalty and commission payments and highlighted the consistency in the assessee's credit policy for both related and unrelated parties. The Tribunal held that the Transfer Pricing Officer's role is limited to determining the Arm's Length Price and cannot assess the business needs of the assessee, ultimately deeming the adjustments unsustainable and directing their deletion. Case-Laws Income Tax Mon, 27 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306283