https://www.taxtmi.com/caselaws?id=192167 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer/Transfer Pricing Officer to reconsider certain adjustments. The Tribunal excluded companies from the list of comparables for Transfer Pricing adjustments, following judicial precedents. It also instructed the exclusion of internet expenses from both export and total turnover for deduction under section 10A. The Tribunal found the levy of interest under section 234B to be consequential and ordered relief for the assessee. The issue of negative working capital adjustment was remitted for reconsideration, while the inclusion of provision for bad and doubtful debts as operating cost was rejected due to procedural grounds. en-us Wed, 09 Dec 2015 00:00:00 +0530 Thu, 18 May 2017 07:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192167 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer/Transfer Pricing Officer to reconsider certain adjustments. The Tribunal excluded companies from the list of comparables for Transfer Pricing adjustments, following judicial precedents. It also instructed the exclusion of internet expenses from both export and total turnover for deduction under section 10A. The Tribunal found the levy of interest under section 234B to be consequential and ordered relief for the assessee. The issue of negative working capital adjustment was remitted for reconsideration, while the inclusion of provision for bad and doubtful debts as operating cost was rejected due to procedural grounds. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192167