https://www.taxtmi.com/caselaws?id=257331 The appellant's appeal for Assessment Year 2006-07 was partly allowed. The Tribunal excluded certain companies from the list of comparables based on turnover and related party transactions criteria. Expenses in foreign currency were directed to be excluded from export turnover. The charging of interest under Sections 234B, 234C, and 234D was upheld as mandatory. An arithmetical mistake in income computation was to be examined. The Tribunal provided specific directions for re-computation of the Arm's Length Price and interest, and correction of any errors in income computation, based on legal principles and precedents. en-us Fri, 20 Feb 2015 00:00:00 +0530 Thu, 20 Aug 2015 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257331 The appellant's appeal for Assessment Year 2006-07 was partly allowed. The Tribunal excluded certain companies from the list of comparables based on turnover and related party transactions criteria. Expenses in foreign currency were directed to be excluded from export turnover. The charging of interest under Sections 234B, 234C, and 234D was upheld as mandatory. An arithmetical mistake in income computation was to be examined. The Tribunal provided specific directions for re-computation of the Arm's Length Price and interest, and correction of any errors in income computation, based on legal principles and precedents. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257331