https://www.taxtmi.com/caselaws?id=342175 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal, upholding the directions of the Dispute Resolution Panel on various issues. The Tribunal directed the Assessing Officer to re-examine and correct errors in the computation of margins of comparables, reconsider the interest rate adjustment on external commercial borrowings, allow deductions for production costs, legal and professional expenses, and depreciation on IT & T expenditure, exploration costs, and tax credits. The Tribunal also instructed the AO to recompute interest under sections 234B of the Act and review an additional ground raised by the assessee. en-us Mon, 24 Apr 2017 00:00:00 +0530 Fri, 28 Apr 2017 10:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342175 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal, upholding the directions of the Dispute Resolution Panel on various issues. The Tribunal directed the Assessing Officer to re-examine and correct errors in the computation of margins of comparables, reconsider the interest rate adjustment on external commercial borrowings, allow deductions for production costs, legal and professional expenses, and depreciation on IT & T expenditure, exploration costs, and tax credits. The Tribunal also instructed the AO to recompute interest under sections 234B of the Act and review an additional ground raised by the assessee. Case-Laws Income Tax Mon, 24 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342175