https://www.taxtmi.com/caselaws?id=444428 The Tribunal found that the ESOP expenses were not notional but actually incurred by the Appellant. The Transfer Pricing Officer erred in determining the arm's length price as 'NIL' without proper reasoning. The transfer pricing adjustment was set aside, directing the Assessing Officer to re-compute the arm's length price following the method adopted by the Appellant. Some grounds of appeal were allowed, while others were dismissed. Consequently, the appeal by the Assessee was partly allowed. en-us Mon, 25 Sep 2023 00:00:00 +0530 Fri, 13 Oct 2023 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444428 The Tribunal found that the ESOP expenses were not notional but actually incurred by the Appellant. The Transfer Pricing Officer erred in determining the arm's length price as 'NIL' without proper reasoning. The transfer pricing adjustment was set aside, directing the Assessing Officer to re-compute the arm's length price following the method adopted by the Appellant. Some grounds of appeal were allowed, while others were dismissed. Consequently, the appeal by the Assessee was partly allowed. Case-Laws Income Tax Mon, 25 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444428