https://www.taxtmi.com/caselaws?id=307711 The Tribunal upheld the exclusion of Engineers India Limited as a comparable company for transfer pricing purposes, citing operating constraints of Government companies. Additionally, the Tribunal supported the deletion of a transfer pricing adjustment on royalty payments, project engineering, and manufacturing drawings, emphasizing RBI approval of payments and lack of justification for adjustments. The Tribunal dismissed the Revenue's appeal on both issues, affirming the importance of consistent application of transfer pricing principles and adherence to legal precedents in determining arm's length prices for international transactions. en-us Mon, 07 Sep 2020 00:00:00 +0530 Mon, 01 May 2023 21:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307711 The Tribunal upheld the exclusion of Engineers India Limited as a comparable company for transfer pricing purposes, citing operating constraints of Government companies. Additionally, the Tribunal supported the deletion of a transfer pricing adjustment on royalty payments, project engineering, and manufacturing drawings, emphasizing RBI approval of payments and lack of justification for adjustments. The Tribunal dismissed the Revenue's appeal on both issues, affirming the importance of consistent application of transfer pricing principles and adherence to legal precedents in determining arm's length prices for international transactions. Case-Laws Income Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307711