https://www.taxtmi.com/caselaws?id=330242 The appeal was partly allowed with directions for fresh adjudication on certain issues and acceptance of certain claims made by the assessee. The Tribunal emphasized the need for accurate verification and proper application of methods in determining ALP and other assessments. The disallowance of the claim of deduction under section 10B of the Income Tax Act was allowed for statistical purposes. The Transfer Pricing adjustment was set aside for fresh adjudication, directing a new analysis using the Comparable Uncontrolled Price method. The disallowance of interest on TDS debited to the Profit and Loss Account was overturned in favor of the assessee. The addition on account of unexplained share premium under section 68 was set aside for fresh adjudication, with directions to provide adequate opportunity to the assessee. en-us Fri, 17 Jun 2016 00:00:00 +0530 Thu, 21 Jul 2016 10:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330242 The appeal was partly allowed with directions for fresh adjudication on certain issues and acceptance of certain claims made by the assessee. The Tribunal emphasized the need for accurate verification and proper application of methods in determining ALP and other assessments. The disallowance of the claim of deduction under section 10B of the Income Tax Act was allowed for statistical purposes. The Transfer Pricing adjustment was set aside for fresh adjudication, directing a new analysis using the Comparable Uncontrolled Price method. The disallowance of interest on TDS debited to the Profit and Loss Account was overturned in favor of the assessee. The addition on account of unexplained share premium under section 68 was set aside for fresh adjudication, with directions to provide adequate opportunity to the assessee. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330242