https://www.taxtmi.com/caselaws?id=342269 The Tribunal remanded the Transfer Pricing (TP) adjustments for the purchase of Green Petroleum Coke (GPC) to the Transfer Pricing Officer (TPO) for a fresh analysis considering quality and market conditions. Regarding TP adjustments for Shareholder's Corporate Guarantee, the Tribunal found a 0.50% corporate guarantee fee reasonable and directed the TPO to compute the fee accordingly. In Corporate Tax Matters, the Tribunal remitted the issues of TDS credit and interest computation to the AO for verification and relief, while rejecting the premature initiation of penalty proceedings under section 271(1)(c). The Tribunal stressed the importance of comprehensive analysis in TP and tax matters, ensuring fairness to the assessee. en-us Wed, 26 Apr 2017 00:00:00 +0530 Mon, 01 May 2017 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342269 The Tribunal remanded the Transfer Pricing (TP) adjustments for the purchase of Green Petroleum Coke (GPC) to the Transfer Pricing Officer (TPO) for a fresh analysis considering quality and market conditions. Regarding TP adjustments for Shareholder's Corporate Guarantee, the Tribunal found a 0.50% corporate guarantee fee reasonable and directed the TPO to compute the fee accordingly. In Corporate Tax Matters, the Tribunal remitted the issues of TDS credit and interest computation to the AO for verification and relief, while rejecting the premature initiation of penalty proceedings under section 271(1)(c). The Tribunal stressed the importance of comprehensive analysis in TP and tax matters, ensuring fairness to the assessee. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342269