https://www.taxtmi.com/caselaws?id=179202 The Tribunal partly allowed both appeals by dismissing certain grounds raised by the Revenue and allowing others. The Tribunal directed the Transfer Pricing Officer (TPO) to include UTV Software in the comparables list, recompute the Profit Level Indicator (PLI), and ensure the PLI falls within the safe harbor range. Additionally, the disallowance under section 14A was limited to 5% of the exempted income, following the Bombay High Court's decision. The Tribunal upheld the uniform approach in computing PLI for both the assessee and comparables. en-us Wed, 06 Aug 2014 00:00:00 +0530 Wed, 08 Mar 2017 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179202 The Tribunal partly allowed both appeals by dismissing certain grounds raised by the Revenue and allowing others. The Tribunal directed the Transfer Pricing Officer (TPO) to include UTV Software in the comparables list, recompute the Profit Level Indicator (PLI), and ensure the PLI falls within the safe harbor range. Additionally, the disallowance under section 14A was limited to 5% of the exempted income, following the Bombay High Court's decision. The Tribunal upheld the uniform approach in computing PLI for both the assessee and comparables. Case-Laws Income Tax Wed, 06 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179202