https://www.taxtmi.com/caselaws?id=239748 The Tribunal partly allowed the appeal, directing the Assessing Officer (AO) and Transfer Pricing Officer (TPO) to reconsider specific issues such as the exclusion of certain expenses from export turnover, the reference to the TPO, the selection of comparables for determining arm's length price (ALP), and the calculation of interest under section 234B of the Income Tax Act. The Tribunal dismissed claims related to the need for adjustments to comparable companies, the benefit of a 5% variation from the arithmetic mean, and the premature penalty proceedings under section 271(1)(c) of the Act. en-us Fri, 15 Feb 2013 00:00:00 +0530 Fri, 18 Mar 2016 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239748 The Tribunal partly allowed the appeal, directing the Assessing Officer (AO) and Transfer Pricing Officer (TPO) to reconsider specific issues such as the exclusion of certain expenses from export turnover, the reference to the TPO, the selection of comparables for determining arm's length price (ALP), and the calculation of interest under section 234B of the Income Tax Act. The Tribunal dismissed claims related to the need for adjustments to comparable companies, the benefit of a 5% variation from the arithmetic mean, and the premature penalty proceedings under section 271(1)(c) of the Act. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239748