https://www.taxtmi.com/caselaws?id=254220 The Tribunal partly allowed the appeal of the assessee, directing the Assessing Officer/TPO to re-compute the arm's length price and consider the claims of the assessee as per the Tribunal's directions. The Tribunal held that the assignment of call options did not amount to an assignment, the sale of the call center business was an international transaction, and the provision of ITES services required re-computation of the arm's length price. Additionally, issues regarding unabsorbed depreciation, short credit of tax withheld and advance tax, levy of interest, and initiation of penalty proceedings were addressed by the Tribunal. en-us Wed, 10 Dec 2014 00:00:00 +0530 Tue, 16 Dec 2014 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254220 The Tribunal partly allowed the appeal of the assessee, directing the Assessing Officer/TPO to re-compute the arm's length price and consider the claims of the assessee as per the Tribunal's directions. The Tribunal held that the assignment of call options did not amount to an assignment, the sale of the call center business was an international transaction, and the provision of ITES services required re-computation of the arm's length price. Additionally, issues regarding unabsorbed depreciation, short credit of tax withheld and advance tax, levy of interest, and initiation of penalty proceedings were addressed by the Tribunal. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254220