https://www.taxtmi.com/caselaws?id=339583 The Tribunal upheld the rejection of the assessee's Transfer Pricing (TP) documentation, resulting in an adjustment of Rs. 4,72,33,317. It supported the use of single year data over multiple year data, application of additional filters in comparative analysis, and selection/rejection of comparable companies. Contract termination fees were considered part of operating revenue. The Tribunal directed the AO to address interest levy under Section 234B and deemed penalty proceedings premature. The decision was consistent in both the assessee's and Revenue's appeals, with the inclusion of contract termination fees and exclusion of certain comparables. en-us Thu, 23 Feb 2017 00:00:00 +0530 Thu, 02 Mar 2017 07:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339583 The Tribunal upheld the rejection of the assessee's Transfer Pricing (TP) documentation, resulting in an adjustment of Rs. 4,72,33,317. It supported the use of single year data over multiple year data, application of additional filters in comparative analysis, and selection/rejection of comparable companies. Contract termination fees were considered part of operating revenue. The Tribunal directed the AO to address interest levy under Section 234B and deemed penalty proceedings premature. The decision was consistent in both the assessee's and Revenue's appeals, with the inclusion of contract termination fees and exclusion of certain comparables. Case-Laws Income Tax Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339583