https://www.taxtmi.com/caselaws?id=339974 The Appellate Tribunal partially allowed the assessee's appeal in a case involving disallowances under section 40(a)(i) of the Act. The Tribunal remitted the issues to the AO for further consideration based on arguments related to TDS deductions for payments made to resident parties and agents of non-resident ship owners/charterers. The rejection of comparables in Transfer Pricing documents was upheld in part, with directions for the assessee to provide relevant data. The selection of comparables NR International Ltd. and Natura Hue Chem Ltd. was upheld, except for the exclusion of NR International Ltd. The Tribunal's decision provided detailed analyses and directions on each issue. en-us Fri, 03 Mar 2017 00:00:00 +0530 Thu, 09 Mar 2017 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339974 The Appellate Tribunal partially allowed the assessee's appeal in a case involving disallowances under section 40(a)(i) of the Act. The Tribunal remitted the issues to the AO for further consideration based on arguments related to TDS deductions for payments made to resident parties and agents of non-resident ship owners/charterers. The rejection of comparables in Transfer Pricing documents was upheld in part, with directions for the assessee to provide relevant data. The selection of comparables NR International Ltd. and Natura Hue Chem Ltd. was upheld, except for the exclusion of NR International Ltd. The Tribunal's decision provided detailed analyses and directions on each issue. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339974