https://www.taxtmi.com/caselaws?id=217496 The appeal was partly allowed, with specific directions for the AO to follow proper procedures in transfer pricing adjustments, recompute deductions under section 10A, and reassess certain expenditures and interest charges. Grounds related to transfer pricing adjustments were upheld, emphasizing the need for adherence to natural justice principles in obtaining information. The tribunal directed a fresh assessment regarding interest charges and dismissed the appeal against the initiation of penalties under section 271(1)(c). en-us Tue, 17 Jul 2012 00:00:00 +0530 Wed, 12 Sep 2012 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217496 The appeal was partly allowed, with specific directions for the AO to follow proper procedures in transfer pricing adjustments, recompute deductions under section 10A, and reassess certain expenditures and interest charges. Grounds related to transfer pricing adjustments were upheld, emphasizing the need for adherence to natural justice principles in obtaining information. The tribunal directed a fresh assessment regarding interest charges and dismissed the appeal against the initiation of penalties under section 271(1)(c). Case-Laws Income Tax Tue, 17 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217496