https://www.taxtmi.com/caselaws?id=196100 The Tribunal partly allowed the assessee's appeal by remanding the issue of depreciation on goodwill back to the AO for fresh consideration and directing the exclusion of certain companies from the list of comparables for transfer pricing adjustments. The Tribunal upheld the levy of interest under Sections 234B and 234C as per the Supreme Court's decision in Anjum H Ghaswala. The ground related to penalty proceedings under Section 271(1)(c) was dismissed due to no penalty being levied. en-us Wed, 22 Jul 2015 00:00:00 +0530 Sun, 19 Nov 2017 06:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196100 The Tribunal partly allowed the assessee's appeal by remanding the issue of depreciation on goodwill back to the AO for fresh consideration and directing the exclusion of certain companies from the list of comparables for transfer pricing adjustments. The Tribunal upheld the levy of interest under Sections 234B and 234C as per the Supreme Court's decision in Anjum H Ghaswala. The ground related to penalty proceedings under Section 271(1)(c) was dismissed due to no penalty being levied. Case-Laws Income Tax Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196100