https://www.taxtmi.com/caselaws?id=326088 The Tribunal partly allowed the appeal by the assessee, deleting the transfer pricing adjustment on cost contribution charges as the method used was in line with OECD guidelines. The issue of notional interest on outstanding receivables was remanded for verification of any agreement to charge interest. The Tribunal directed the tax authority to reexamine the short credit of TDS and upheld the imposition of interest under Section 234B, instructing the AO to recalculate it accordingly. en-us Thu, 05 Nov 2015 00:00:00 +0530 Wed, 06 Apr 2016 08:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326088 The Tribunal partly allowed the appeal by the assessee, deleting the transfer pricing adjustment on cost contribution charges as the method used was in line with OECD guidelines. The issue of notional interest on outstanding receivables was remanded for verification of any agreement to charge interest. The Tribunal directed the tax authority to reexamine the short credit of TDS and upheld the imposition of interest under Section 234B, instructing the AO to recalculate it accordingly. Case-Laws Income Tax Thu, 05 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326088