https://www.taxtmi.com/caselaws?id=306404 The Tribunal partly allowed the appeal, deleting significant adjustments made by the Transfer Pricing Officer (TPO) regarding various transfer pricing issues. The Tribunal directed the TPO to reassess royalty payments, Asia Regional Head Quarters expenses, export commission, service warranty charges, and royalty payment treatment. Additionally, the Tribunal upheld the treatment of sales tax subsidy as taxable revenue receipt and directed the AO to charge interest as per legal provisions. The Tribunal also instructed the AO to rectify errors in granting tax credits. The decisions were influenced by precedents from the assessee's previous cases and relevant High Court judgments. en-us Fri, 15 Feb 2019 00:00:00 +0530 Fri, 27 Jan 2023 20:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306404 The Tribunal partly allowed the appeal, deleting significant adjustments made by the Transfer Pricing Officer (TPO) regarding various transfer pricing issues. The Tribunal directed the TPO to reassess royalty payments, Asia Regional Head Quarters expenses, export commission, service warranty charges, and royalty payment treatment. Additionally, the Tribunal upheld the treatment of sales tax subsidy as taxable revenue receipt and directed the AO to charge interest as per legal provisions. The Tribunal also instructed the AO to rectify errors in granting tax credits. The decisions were influenced by precedents from the assessee's previous cases and relevant High Court judgments. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306404