https://www.taxtmi.com/caselaws?id=253755 The Tribunal partially allowed the appeal by Aramex India Private Limited, deleting the transfer pricing adjustment of Rs. 8,91,71,424. It directed the correct levy of interest under sections 234B, 234C, and 234D, highlighting a computational error in the interest calculation under section 234D. The initiation of penalty proceedings under section 271(1)(c) was considered premature and academic in light of the Tribunal's findings on the transfer pricing adjustment. en-us Fri, 28 Nov 2014 00:00:00 +0530 Wed, 03 Dec 2014 10:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253755 The Tribunal partially allowed the appeal by Aramex India Private Limited, deleting the transfer pricing adjustment of Rs. 8,91,71,424. It directed the correct levy of interest under sections 234B, 234C, and 234D, highlighting a computational error in the interest calculation under section 234D. The initiation of penalty proceedings under section 271(1)(c) was considered premature and academic in light of the Tribunal's findings on the transfer pricing adjustment. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253755