https://www.taxtmi.com/caselaws?id=192614 The Tribunal partly allowed the assessee's appeal, remanding the Transfer Pricing issue back to the Assessing Officer/Transfer Pricing Officer for fresh consideration. The initiation of penalty proceedings was deemed premature and not maintainable, while the levy of interest under Sections 234B and 234C was upheld as mandatory. The stay application was dismissed as the appeal had been heard. The decision was announced on March 31, 2015. en-us Tue, 31 Mar 2015 00:00:00 +0530 Thu, 08 Jun 2017 05:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192614 The Tribunal partly allowed the assessee's appeal, remanding the Transfer Pricing issue back to the Assessing Officer/Transfer Pricing Officer for fresh consideration. The initiation of penalty proceedings was deemed premature and not maintainable, while the levy of interest under Sections 234B and 234C was upheld as mandatory. The stay application was dismissed as the appeal had been heard. The decision was announced on March 31, 2015. Case-Laws Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192614