https://www.taxtmi.com/caselaws?id=213818 The Tribunal partly allowed the appeal, remitting the issues of Transfer Pricing adjustments and disallowance under Section 14A back to the Assessing Officer for fresh consideration. In the Transfer Pricing matter, the Tribunal found errors in the TPO's computation method and emphasized the correct determination of arm's length price. Regarding the disallowance under Section 14A, the Tribunal directed a reevaluation by the Assessing Officer based on reasonable criteria due to the prospective application of Rule 8D as per a previous court decision. en-us Mon, 14 May 2012 00:00:00 +0530 Wed, 06 Jun 2012 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213818 The Tribunal partly allowed the appeal, remitting the issues of Transfer Pricing adjustments and disallowance under Section 14A back to the Assessing Officer for fresh consideration. In the Transfer Pricing matter, the Tribunal found errors in the TPO's computation method and emphasized the correct determination of arm's length price. Regarding the disallowance under Section 14A, the Tribunal directed a reevaluation by the Assessing Officer based on reasonable criteria due to the prospective application of Rule 8D as per a previous court decision. Case-Laws Income Tax Mon, 14 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213818