https://www.taxtmi.com/caselaws?id=242807 The Tribunal partly allowed the appeal, directing the AO to restrict Transfer Pricing (TP) adjustments to international transactions with the Associated Enterprise (AE), treat interest consistently as operational expenses, apply the 5% safe harbor rule, and re-adjudicate the priority of set-off between brought forward unabsorbed depreciation and business loss. The Tribunal dismissed penalty initiation grounds and general grievances about declared taxable income. The order was pronounced on January 7, 2014. en-us Tue, 07 Jan 2014 00:00:00 +0530 Tue, 21 Jan 2014 06:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242807 The Tribunal partly allowed the appeal, directing the AO to restrict Transfer Pricing (TP) adjustments to international transactions with the Associated Enterprise (AE), treat interest consistently as operational expenses, apply the 5% safe harbor rule, and re-adjudicate the priority of set-off between brought forward unabsorbed depreciation and business loss. The Tribunal dismissed penalty initiation grounds and general grievances about declared taxable income. The order was pronounced on January 7, 2014. Case-Laws Income Tax Tue, 07 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242807