https://www.taxtmi.com/caselaws?id=121505 The Tribunal partly allowed the assessee's appeal, directing a 5% adjustment to the arm's length price (ALP), reducing the transfer pricing addition to Rs. 37,89,196. The revenue's appeal concerning the use of prior years' data for comparability analysis was dismissed, upholding the CIT(A)'s decision that current financial year data should be used unless justified otherwise. The Tribunal also directed the Assessing Officer to provide consequential relief regarding interest charged under sections 234B and 234C. The assessee's cross-objection was dismissed as not pressed. en-us Fri, 20 Mar 2009 00:00:00 +0530 Wed, 25 Oct 2023 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121505 The Tribunal partly allowed the assessee's appeal, directing a 5% adjustment to the arm's length price (ALP), reducing the transfer pricing addition to Rs. 37,89,196. The revenue's appeal concerning the use of prior years' data for comparability analysis was dismissed, upholding the CIT(A)'s decision that current financial year data should be used unless justified otherwise. The Tribunal also directed the Assessing Officer to provide consequential relief regarding interest charged under sections 234B and 234C. The assessee's cross-objection was dismissed as not pressed. Case-Laws Income Tax Fri, 20 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121505