https://www.taxtmi.com/caselaws?id=177488 The Tribunal allowed certain grounds related to transfer pricing adjustments and the denial of deduction under section 10A, directing reconsideration by the Assessing Officer/Transfer Pricing Officer in line with principles of natural justice. Other grounds challenging interest levied under sections 234B and 234D and penalty proceedings under section 271(1)(c) were dismissed due to the absence of a penalty order. The Tribunal emphasized the importance of natural justice in providing information to the assessee for verification and objection purposes, referencing a similar case involving Agilent Technologies. en-us Fri, 24 Aug 2012 00:00:00 +0530 Mon, 09 Oct 2017 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177488 The Tribunal allowed certain grounds related to transfer pricing adjustments and the denial of deduction under section 10A, directing reconsideration by the Assessing Officer/Transfer Pricing Officer in line with principles of natural justice. Other grounds challenging interest levied under sections 234B and 234D and penalty proceedings under section 271(1)(c) were dismissed due to the absence of a penalty order. The Tribunal emphasized the importance of natural justice in providing information to the assessee for verification and objection purposes, referencing a similar case involving Agilent Technologies. Case-Laws Income Tax Fri, 24 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177488