https://www.taxtmi.com/caselaws?id=234725 The Tribunal allowed the appeal for the 2007-08 assessment year and partly allowed the appeal for the 2008-09 assessment year for statistical purposes. The Tribunal found that the Transfer Pricing Officer's adjustments and re-characterizations were not justified, and the method of computing the Arms' Length Price using the Transaction Net Margin Method with Operating Profit/Total Cost as the Profit Level Indicator was appropriate. Additionally, the Tribunal ruled in favor of the assessee regarding the depreciation rate for the printer. Penalty proceedings were dismissed as premature, and interest under Section 234B was not specifically addressed. en-us Wed, 15 May 2013 00:00:00 +0530 Thu, 31 Mar 2016 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234725 The Tribunal allowed the appeal for the 2007-08 assessment year and partly allowed the appeal for the 2008-09 assessment year for statistical purposes. The Tribunal found that the Transfer Pricing Officer's adjustments and re-characterizations were not justified, and the method of computing the Arms' Length Price using the Transaction Net Margin Method with Operating Profit/Total Cost as the Profit Level Indicator was appropriate. Additionally, the Tribunal ruled in favor of the assessee regarding the depreciation rate for the printer. Penalty proceedings were dismissed as premature, and interest under Section 234B was not specifically addressed. Case-Laws Income Tax Wed, 15 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234725