https://www.taxtmi.com/caselaws?id=246818 The Tribunal allowed the appeals in part, directing the AO to re-evaluate transfer pricing adjustments using the residual Profit Split Method (PSM). The disallowance under Section 40A(ia) was reversed, while the levy of interest under Section 234B was upheld. The Tribunal remitted additional grounds related to deduction under Section 80-IA(4) and interest under Section 234C for fresh adjudication. The initiation of penalty under Section 271(1)(c) was dismissed as premature. en-us Tue, 15 Apr 2014 00:00:00 +0530 Fri, 20 Mar 2015 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246818 The Tribunal allowed the appeals in part, directing the AO to re-evaluate transfer pricing adjustments using the residual Profit Split Method (PSM). The disallowance under Section 40A(ia) was reversed, while the levy of interest under Section 234B was upheld. The Tribunal remitted additional grounds related to deduction under Section 80-IA(4) and interest under Section 234C for fresh adjudication. The initiation of penalty under Section 271(1)(c) was dismissed as premature. Case-Laws Income Tax Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246818