https://www.taxtmi.com/highlights?id=69096 TP Adjustment - Recovery of expenses represent expenses incurred by the assessee company on behalf of AE towards Bid bond expenses. These expenses were also recovered by the assessee from its AE with markup of 10%. Hence, the reasoning given by us hereinabove for reimbursement of expenses would apply for this issue of recovery of expenses also. Hence, we dismiss the action of the ld. TPO in determining the ALP of this transaction at Nil - AT en-us Thu, 06 Apr 2023 18:40:52 +0530 Thu, 06 Apr 2023 18:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69096 TP Adjustment - Recovery of expenses represent expenses incurred by the assessee company on behalf of AE towards Bid bond expenses. These expenses were also recovered by the assessee from its AE with markup of 10%. Hence, the reasoning given by us hereinabove for reimbursement of expenses would apply for this issue of recovery of expenses also. Hence, we dismiss the action of the ld. TPO in determining the ALP of this transaction at Nil - AT Highlights Income Tax Thu, 06 Apr 2023 18:40:52 +0530 https://www.taxtmi.com/highlights?id=69096