https://www.taxtmi.com/caselaws?id=218201 The Tribunal allowed the assessee's appeal for statistical purposes, remitting both issues back to the respective authorities for reconsideration and adjustments. The Transfer Pricing Officer's upward adjustment of Rs. 55,93,380/- on the arm's length price was upheld, but the method for determining it was directed to be reconsidered under the Comparable Uncontrolled Price method. Regarding the disallowance of expenses related to earning dividend income, the Tribunal set aside the disallowance under Rule 8D and instructed the Assessing Officer to reevaluate the issue for the assessment year 2006-07 in line with Section 14A requirements. en-us Thu, 23 Feb 2012 00:00:00 +0530 Tue, 05 Apr 2016 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218201 The Tribunal allowed the assessee's appeal for statistical purposes, remitting both issues back to the respective authorities for reconsideration and adjustments. The Transfer Pricing Officer's upward adjustment of Rs. 55,93,380/- on the arm's length price was upheld, but the method for determining it was directed to be reconsidered under the Comparable Uncontrolled Price method. Regarding the disallowance of expenses related to earning dividend income, the Tribunal set aside the disallowance under Rule 8D and instructed the Assessing Officer to reevaluate the issue for the assessment year 2006-07 in line with Section 14A requirements. Case-Laws Income Tax Thu, 23 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218201