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2019 (10) TMI 1536 - HC - Income TaxTP Adjustment - adoption of the Bright Line Method - determination of the price adjustment on protected basis - HELD THAT:- This Court has already rendered its decision in Sony Ericsson [2015 (3) TMI 580 - DELHI HIGH COURT] rejecting the adoption of the Bright Line Method by the TPO, in our view, the AO could not have proceeded to make the protective assessment by applying the Bright Line Method. However, we make it clear that we have not examined the legality of the observation made by the Tribunal and the said issue shall be considered in an appropriate case.
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