https://www.taxtmi.com/caselaws?id=205819 The ITAT partly allowed the assessee's appeals for statistical purposes and dismissed the revenue's appeals. The ITAT upheld the CIT(A)'s findings, including the exclusion of interest income and specific expenses from operating costs, and the denial of the benefit of the +/- 5% range in ALP computation. The issue of setting off brought forward losses and unabsorbed depreciation was left open for the Assessing Officer to decide. The charging of interest under sections 234B and 234D was upheld, while the withdrawal of interest granted under section 244A was rejected. The ITAT remitted the assessment of interest income back to the Assessing Officer for verification and re-adjudication. en-us Fri, 18 Mar 2011 00:00:00 +0530 Wed, 22 May 2013 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205819 The ITAT partly allowed the assessee's appeals for statistical purposes and dismissed the revenue's appeals. The ITAT upheld the CIT(A)'s findings, including the exclusion of interest income and specific expenses from operating costs, and the denial of the benefit of the +/- 5% range in ALP computation. The issue of setting off brought forward losses and unabsorbed depreciation was left open for the Assessing Officer to decide. The charging of interest under sections 234B and 234D was upheld, while the withdrawal of interest granted under section 244A was rejected. The ITAT remitted the assessment of interest income back to the Assessing Officer for verification and re-adjudication. Case-Laws Income Tax Fri, 18 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205819