https://www.taxtmi.com/highlights?id=83582 The Income Tax Appellate Tribunal (ITAT) adjudicated on various transfer pricing issues concerning an assessee. Regarding segmentation of business activities, the ITAT upheld the Transfer Pricing Officer's (TPO) approach of treating the UDS and CM segments as a composite unit for determining the arm's length price, dismissing the assessee's claim of separate segments. However, on the issue of rejecting overseas associated enterprises as tested parties, the ITAT remanded the matter to the TPO for re-adjudication after obtaining necessary details and providing due opportunity to the assessee. The ITAT deleted the TPO's upward adjustment for brand development fees, relying on coordinate bench rulings that such expenditures are not internationa..... en-us Mon, 02 Dec 2024 08:53:19 +0530 Mon, 02 Dec 2024 08:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83582 The Income Tax Appellate Tribunal (ITAT) adjudicated on various transfer pricing issues concerning an assessee. Regarding segmentation of business activities, the ITAT upheld the Transfer Pricing Officer's (TPO) approach of treating the UDS and CM segments as a composite unit for determining the arm's length price, dismissing the assessee's claim of separate segments. However, on the issue of rejecting overseas associated enterprises as tested parties, the ITAT remanded the matter to the TPO for re-adjudication after obtaining necessary details and providing due opportunity to the assessee. The ITAT deleted the TPO's upward adjustment for brand development fees, relying on coordinate bench rulings that such expenditures are not internationa..... Highlights Income Tax Mon, 02 Dec 2024 08:53:19 +0530 https://www.taxtmi.com/highlights?id=83582