https://www.taxtmi.com/caselaws?id=260163 The appeal was against the assessment order under the IT Act for the assessment year 2006-07, challenging transfer pricing adjustments on international transactions. The appellant contested the rejection of certain comparable companies by the DRP, exclusion of specific companies as comparables, and the failure to consider a fresh transfer pricing study. Issues included the application of TNMM, adjustment for low-risk captive service provider, consideration of associated enterprises' financials, income exemption under section 10A, benefit under Section 92C(2) proviso, disallowance of expenses under section 35D, validity of assessment order, and levy of interest under section 234B. en-us Wed, 25 Mar 2015 00:00:00 +0530 Thu, 04 Jun 2015 08:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260163 The appeal was against the assessment order under the IT Act for the assessment year 2006-07, challenging transfer pricing adjustments on international transactions. The appellant contested the rejection of certain comparable companies by the DRP, exclusion of specific companies as comparables, and the failure to consider a fresh transfer pricing study. Issues included the application of TNMM, adjustment for low-risk captive service provider, consideration of associated enterprises' financials, income exemption under section 10A, benefit under Section 92C(2) proviso, disallowance of expenses under section 35D, validity of assessment order, and levy of interest under section 234B. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260163