https://www.taxtmi.com/caselaws?id=354195 The Tribunal allowed the assessee's appeal in part, primarily on the grounds related to the inclusion and exclusion of comparables in the Transfer Pricing (TP) analysis. The appeal was decided in favor of the assessee, leading to a recalibration of the TP adjustment. Other grounds regarding the application of the +/- 5% variation, interest levied under section 234B, and initiation of penalty under section 271(1)(c) were either deemed moot or premature. The order was pronounced on 17th January 2018. en-us Wed, 17 Jan 2018 00:00:00 +0530 Sat, 20 Jan 2018 08:09:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354195 The Tribunal allowed the assessee's appeal in part, primarily on the grounds related to the inclusion and exclusion of comparables in the Transfer Pricing (TP) analysis. The appeal was decided in favor of the assessee, leading to a recalibration of the TP adjustment. Other grounds regarding the application of the +/- 5% variation, interest levied under section 234B, and initiation of penalty under section 271(1)(c) were either deemed moot or premature. The order was pronounced on 17th January 2018. Case-Laws Income Tax Wed, 17 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354195