https://www.taxtmi.com/caselaws?id=436699 The Tribunal partially allowed the assessee's appeals concerning Transfer Pricing Adjustments for Assessment Years 2009-10 to 2011-12. The dispute centered on the characterization of the assessee as a contract manufacturer and the denial of economic adjustments by the Transfer Pricing Officer (TPO) and Dispute Resolution Panel (DRP). The Tribunal directed the TPO to limit adjustments based on sales consideration from an independent customer, Nike, as per the Advance Pricing Agreement (APA), thereby restricting the Transfer Pricing adjustments and partially favoring the assessee. en-us Wed, 11 Jan 2023 00:00:00 +0530 Wed, 19 Apr 2023 08:10:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436699 The Tribunal partially allowed the assessee's appeals concerning Transfer Pricing Adjustments for Assessment Years 2009-10 to 2011-12. The dispute centered on the characterization of the assessee as a contract manufacturer and the denial of economic adjustments by the Transfer Pricing Officer (TPO) and Dispute Resolution Panel (DRP). The Tribunal directed the TPO to limit adjustments based on sales consideration from an independent customer, Nike, as per the Advance Pricing Agreement (APA), thereby restricting the Transfer Pricing adjustments and partially favoring the assessee. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436699