https://www.taxtmi.com/caselaws?id=459491 Transfer pricing adjustments on royalty and fees for technical services paid to an associated enterprise were left undisturbed, as the Court noted that the Department had accepted the aggregated approach in later assessment years and that similar adjustments for an earlier year had already been deleted by the Dispute Resolution Panel. The Court also recognised that DRP directions issued under the governing statutory framework bind the Assessing Officer. In these circumstances, the appeal was not entertained and the challenge to the upward adjustment failed. en-us Fri, 01 Mar 2024 00:00:00 +0530 Mon, 16 Dec 2024 18:31:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459491 Transfer pricing adjustments on royalty and fees for technical services paid to an associated enterprise were left undisturbed, as the Court noted that the Department had accepted the aggregated approach in later assessment years and that similar adjustments for an earlier year had already been deleted by the Dispute Resolution Panel. The Court also recognised that DRP directions issued under the governing statutory framework bind the Assessing Officer. In these circumstances, the appeal was not entertained and the challenge to the upward adjustment failed. Case-Laws Income Tax Fri, 01 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459491