https://www.taxtmi.com/caselaws?id=178633 The Tribunal partly allowed both appeals, directing specific adjustments for royalty payment, export of finished goods, and marketing and sales support services. The Tribunal found the Transfer Pricing Officer's actions unjustified in reworking the royalty payable and classifying certain raw materials incorrectly. Adjustments were made for differences in volume and other factors in the export of finished goods. The Tribunal instructed the Transfer Pricing Officer to rework adjustments for marketing and sales support services using an accepted comparable. Penalty proceedings were deemed premature and dismissed. In the assessment year 2007-08, ICRA Online Ltd. was found functionally incomparable and directed for exclusion. en-us Tue, 11 Feb 2014 00:00:00 +0530 Wed, 10 Feb 2016 08:16:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178633 The Tribunal partly allowed both appeals, directing specific adjustments for royalty payment, export of finished goods, and marketing and sales support services. The Tribunal found the Transfer Pricing Officer's actions unjustified in reworking the royalty payable and classifying certain raw materials incorrectly. Adjustments were made for differences in volume and other factors in the export of finished goods. The Tribunal instructed the Transfer Pricing Officer to rework adjustments for marketing and sales support services using an accepted comparable. Penalty proceedings were deemed premature and dismissed. In the assessment year 2007-08, ICRA Online Ltd. was found functionally incomparable and directed for exclusion. Case-Laws Income Tax Tue, 11 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178633