https://www.taxtmi.com/caselaws?id=307097 The Tribunal ruled in favor of the assessee, overturning the Transfer Pricing Officer's adjustment on cost contribution charges by deleting the adjustment and applying the TNMM method instead of the CUP method. The Tribunal also sided with the assessee in treating cost construction charges as integral to the business and rejecting the application of the CUP method. Regarding various disallowances on corporate tax expenses, the Tribunal remanded the matter back to the Assessing Officer for re-examination with additional evidence provided by the assessee, ensuring a fair opportunity for the assessee to be heard. en-us Thu, 24 Mar 2022 00:00:00 +0530 Fri, 17 Mar 2023 21:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307097 The Tribunal ruled in favor of the assessee, overturning the Transfer Pricing Officer's adjustment on cost contribution charges by deleting the adjustment and applying the TNMM method instead of the CUP method. The Tribunal also sided with the assessee in treating cost construction charges as integral to the business and rejecting the application of the CUP method. Regarding various disallowances on corporate tax expenses, the Tribunal remanded the matter back to the Assessing Officer for re-examination with additional evidence provided by the assessee, ensuring a fair opportunity for the assessee to be heard. Case-Laws Income Tax Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307097