https://www.taxtmi.com/caselaws?id=307156 The Tribunal upheld the appellant's appeal, directing the adoption of Gross Profit by sales as the Profit Level Indicator for transfer pricing adjustment, in line with previous decisions and supported by a High Court ruling. Regarding the disallowance under Section 43B for bonus provision, the Tribunal allowed the appellant's deduction based on actual payments supported by evidence, overturning the AO's decision. The judgment clarified the Arm's Length Price determination and affirmed the appellant's entitlement to deductions for actual payments, ensuring a fair outcome for the appellant in both issues. en-us Fri, 13 May 2022 00:00:00 +0530 Wed, 22 Mar 2023 20:20:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307156 The Tribunal upheld the appellant's appeal, directing the adoption of Gross Profit by sales as the Profit Level Indicator for transfer pricing adjustment, in line with previous decisions and supported by a High Court ruling. Regarding the disallowance under Section 43B for bonus provision, the Tribunal allowed the appellant's deduction based on actual payments supported by evidence, overturning the AO's decision. The judgment clarified the Arm's Length Price determination and affirmed the appellant's entitlement to deductions for actual payments, ensuring a fair outcome for the appellant in both issues. Case-Laws Income Tax Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307156