https://www.taxtmi.com/caselaws?id=234279 The Tribunal classified interest income as non-operating income, disallowing relatable expenses. The application of the 5% range under Proviso 92C(2) was found inapplicable, with data from previous years rejected for transfer pricing. Closure expenses were deemed abnormal and excluded from ALP computation. The Tribunal's decision was upheld regarding the non-consideration of evidence. Overhead expenses allocation favored the assessee. The revenue's appeal was dismissed, partially allowing the assessee's appeal. Only the treatment of closure expenses raised a legal question, resolved in favor of the assessee. en-us Thu, 25 Apr 2013 00:00:00 +0530 Tue, 02 Jul 2013 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234279 The Tribunal classified interest income as non-operating income, disallowing relatable expenses. The application of the 5% range under Proviso 92C(2) was found inapplicable, with data from previous years rejected for transfer pricing. Closure expenses were deemed abnormal and excluded from ALP computation. The Tribunal's decision was upheld regarding the non-consideration of evidence. Overhead expenses allocation favored the assessee. The revenue's appeal was dismissed, partially allowing the assessee's appeal. Only the treatment of closure expenses raised a legal question, resolved in favor of the assessee. Case-Laws Income Tax Thu, 25 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234279