https://www.taxtmi.com/caselaws?id=347355 The Tribunal allowed the appeal for statistical purposes, remanding the issue of proper allocation of expenses to the TPO/AO and directing them to exclude expenses directly related to manufacturing from the trading segment allocation. The levy of interest was deemed consequential, and the initiation of penalty proceedings was dismissed as premature. en-us Mon, 28 Aug 2017 00:00:00 +0530 Sat, 02 Sep 2017 11:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347355 The Tribunal allowed the appeal for statistical purposes, remanding the issue of proper allocation of expenses to the TPO/AO and directing them to exclude expenses directly related to manufacturing from the trading segment allocation. The levy of interest was deemed consequential, and the initiation of penalty proceedings was dismissed as premature. Case-Laws Income Tax Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347355