https://www.taxtmi.com/caselaws?id=436496 The Tribunal ruled in favor of the assessee in an income tax appeal concerning the determination of the value of international management services transactions with associated enterprises. The Tribunal held that the Transfer Pricing Officer's adjustment to Nil was unsustainable, emphasizing that the benefit test cannot be applied to value a transaction at Nil. As a result, the Tribunal directed the Assessing Officer to delete the addition of Rs. 15,05,26,398 to the assessee's income, partially allowing the appeal. en-us Thu, 19 Jan 2023 00:00:00 +0530 Thu, 13 Apr 2023 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436496 The Tribunal ruled in favor of the assessee in an income tax appeal concerning the determination of the value of international management services transactions with associated enterprises. The Tribunal held that the Transfer Pricing Officer's adjustment to Nil was unsustainable, emphasizing that the benefit test cannot be applied to value a transaction at Nil. As a result, the Tribunal directed the Assessing Officer to delete the addition of Rs. 15,05,26,398 to the assessee's income, partially allowing the appeal. Case-Laws Income Tax Thu, 19 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436496