https://www.taxtmi.com/highlights?id=73837 TP Adjustment - apportioning the expenses of assessee’s affiliates - Also noted that the assessee has received certain services from its AE which has been treated by the Ld.TPO at arms length by the assessee. However, the Ld.TPO has apportioned 1/5th of the expenses once again to the assessee and proposed a TP adjustment which in our view amounts to double addition. Such kind of computation of adjustment is not in accordance to the sound principles of transfer pricing rules. - AT en-us Fri, 29 Dec 2023 08:20:31 +0530 Fri, 29 Dec 2023 08:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73837 TP Adjustment - apportioning the expenses of assessee’s affiliates - Also noted that the assessee has received certain services from its AE which has been treated by the Ld.TPO at arms length by the assessee. However, the Ld.TPO has apportioned 1/5th of the expenses once again to the assessee and proposed a TP adjustment which in our view amounts to double addition. Such kind of computation of adjustment is not in accordance to the sound principles of transfer pricing rules. - AT Highlights Income Tax Fri, 29 Dec 2023 08:20:31 +0530 https://www.taxtmi.com/highlights?id=73837