https://www.taxtmi.com/caselaws?id=444622 The Tribunal partly allowed the appeal, ruling in favor of the assessee on transfer pricing adjustments. It rejected the TPO's adjustment for technical knowhow fees, finding the transactional net margin method appropriate. The Tribunal also directed the deletion of the adjustment for recovery of expenses, considering them pass-through costs. On the issue of interest on dividend distribution liability, the Tribunal instructed the AO to verify payment dates and adjust interest accordingly. For the short grant of TDS, the Tribunal restored the issue to the AO for reconciliation and verification, ensuring the assessee receives due credit. en-us Mon, 16 Oct 2023 00:00:00 +0530 Wed, 18 Oct 2023 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444622 The Tribunal partly allowed the appeal, ruling in favor of the assessee on transfer pricing adjustments. It rejected the TPO's adjustment for technical knowhow fees, finding the transactional net margin method appropriate. The Tribunal also directed the deletion of the adjustment for recovery of expenses, considering them pass-through costs. On the issue of interest on dividend distribution liability, the Tribunal instructed the AO to verify payment dates and adjust interest accordingly. For the short grant of TDS, the Tribunal restored the issue to the AO for reconciliation and verification, ensuring the assessee receives due credit. Case-Laws Income Tax Mon, 16 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444622