Significant Errors in Transfer Pricing Adjustments: Authorities Misapply Benefit Test, Incorrectly Set Arm's Length Price to Nil.

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....TP Adjustment - benefit test - authorities below have fatally erred in applying the benefit test as rightly contended by the Ld. Counsel of the assessee. Furthermore, it has been submitted that after applying the benefit test authorities below have brushed aside the details submitted by the assessee. - authorities below have erred in holding the ALP at nil on the ground that relevant documents have not been submitted. In our considered opinion, the assessee has discharged the onus caste upon it. - AT....