https://www.taxtmi.com/caselaws?id=435637 The Tribunal allowed the appeal of the assessee, overturning the Transfer Pricing Officer's adjustment to the arm's length price of royalty transactions. The Tribunal upheld the assessee's benchmarking using an internal comparable involving technology transfer for assembling entire vehicles, deeming it more appropriate than the comparables chosen by the TPO for manufacturing single components. By emphasizing the importance of selecting correct comparables, the Tribunal ruled in favor of the assessee, deleting the adjustment made by the TPO. en-us Wed, 23 Nov 2022 00:00:00 +0530 Fri, 24 Mar 2023 09:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435637 The Tribunal allowed the appeal of the assessee, overturning the Transfer Pricing Officer's adjustment to the arm's length price of royalty transactions. The Tribunal upheld the assessee's benchmarking using an internal comparable involving technology transfer for assembling entire vehicles, deeming it more appropriate than the comparables chosen by the TPO for manufacturing single components. By emphasizing the importance of selecting correct comparables, the Tribunal ruled in favor of the assessee, deleting the adjustment made by the TPO. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435637