https://www.taxtmi.com/caselaws?id=236976 The Tribunal upheld the Transfer Pricing Officer's selection of comparables and profit level indicator for the manufacturing and trading segments. The disallowance of expenses under section 40(a)(ia) was confirmed due to lack of evidence. However, the Tribunal directed the adjustment only for the international transaction in the manufacturing segment and allowed the safe harbor limit of +/- 5% for the trading segment. The appeal was partly allowed in favor of the assessee. en-us Wed, 17 Jul 2013 00:00:00 +0530 Sat, 14 Sep 2013 10:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236976 The Tribunal upheld the Transfer Pricing Officer's selection of comparables and profit level indicator for the manufacturing and trading segments. The disallowance of expenses under section 40(a)(ia) was confirmed due to lack of evidence. However, the Tribunal directed the adjustment only for the international transaction in the manufacturing segment and allowed the safe harbor limit of +/- 5% for the trading segment. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Wed, 17 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236976