https://www.taxtmi.com/caselaws?id=196238 The Tribunal partly allowed the assessee's appeal by directing the Transfer Pricing Officer to re-compute the Arm's Length Price, excluding certain companies from comparables. The Tribunal upheld the denial of the 5% standard deduction under Section 92C(2) but accepted the deduction claim under Section 10B for brokerage on sea freight. The Tribunal's decision focused on the comparables and Arm's Length Price determination, providing relief to the assessee on specific issues while affirming lower authorities' decisions on others. en-us Wed, 21 Oct 2015 00:00:00 +0530 Thu, 23 Nov 2017 11:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196238 The Tribunal partly allowed the assessee's appeal by directing the Transfer Pricing Officer to re-compute the Arm's Length Price, excluding certain companies from comparables. The Tribunal upheld the denial of the 5% standard deduction under Section 92C(2) but accepted the deduction claim under Section 10B for brokerage on sea freight. The Tribunal's decision focused on the comparables and Arm's Length Price determination, providing relief to the assessee on specific issues while affirming lower authorities' decisions on others. Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196238