https://www.taxtmi.com/caselaws?id=437302 The Tribunal allowed the appeal filed by the assessee, directing the AO to delete the transfer pricing adjustments for royalty, engineering and manufacturing drawing fees, and brand license fees. The Tribunal emphasized the importance of considering business efficacy, benefits received, and approvals from regulatory authorities in determining the arm's length price. The issue of reimbursement of expenses was remanded to the AO for fresh examination based on the details and evidences provided by the assessee. en-us Mon, 27 Mar 2023 00:00:00 +0530 Tue, 02 May 2023 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437302 The Tribunal allowed the appeal filed by the assessee, directing the AO to delete the transfer pricing adjustments for royalty, engineering and manufacturing drawing fees, and brand license fees. The Tribunal emphasized the importance of considering business efficacy, benefits received, and approvals from regulatory authorities in determining the arm's length price. The issue of reimbursement of expenses was remanded to the AO for fresh examination based on the details and evidences provided by the assessee. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437302