https://www.taxtmi.com/caselaws?id=330062 The Tribunal partly allowed the appeal, providing specific directions on transfer pricing issues, corporate matters, interest under sections 234B and 234C, and initiation of penalty proceedings. The Tribunal directed the exclusion and inclusion of comparables in the transfer pricing analysis, treatment of communication charges, foreign exchange gains, and set-off of carried forward losses and unabsorbed depreciation. Additionally, the AO was instructed to allow objections before levying interest under sections 234B and 234C. The Tribunal deemed the consideration of penalty proceedings premature at that stage. en-us Wed, 23 Dec 2015 00:00:00 +0530 Sat, 16 Jul 2016 12:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330062 The Tribunal partly allowed the appeal, providing specific directions on transfer pricing issues, corporate matters, interest under sections 234B and 234C, and initiation of penalty proceedings. The Tribunal directed the exclusion and inclusion of comparables in the transfer pricing analysis, treatment of communication charges, foreign exchange gains, and set-off of carried forward losses and unabsorbed depreciation. Additionally, the AO was instructed to allow objections before levying interest under sections 234B and 234C. The Tribunal deemed the consideration of penalty proceedings premature at that stage. Case-Laws Income Tax Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330062