https://www.taxtmi.com/caselaws?id=351990 The Tribunal partly allowed the appeal, directing re-examination and adjustments on various transfer pricing and corporate tax matters. The Tribunal criticized the Tax Officer's arbitrary approach and the assessee's non-cooperation, leading to deletions of adjustments and revisions in fee calculations. The Tribunal emphasized the need for independent verification of expenses and reconsideration of foreign exchange fluctuation losses. Penalty proceedings under Section 271(1)(c) were deemed premature and not adjudicated upon. en-us Thu, 30 Nov 2017 00:00:00 +0530 Tue, 05 Dec 2017 08:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351990 The Tribunal partly allowed the appeal, directing re-examination and adjustments on various transfer pricing and corporate tax matters. The Tribunal criticized the Tax Officer's arbitrary approach and the assessee's non-cooperation, leading to deletions of adjustments and revisions in fee calculations. The Tribunal emphasized the need for independent verification of expenses and reconsideration of foreign exchange fluctuation losses. Penalty proceedings under Section 271(1)(c) were deemed premature and not adjudicated upon. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351990