https://www.taxtmi.com/caselaws?id=354419 The ITAT directed the authorities to strictly comply with its directions in determining the Arm's Length Price (ALP) for international transactions, emphasizing adherence to Rule 10B(1)(b) of the IT Rules. The rejection of comparables selected by the assessee was allowed, highlighting the importance of accurate selection processes. The ITAT also addressed the imposition of interest under sections 234B and 234D, directing the AO to provide necessary relief. The judgment focused on procedural correctness, legal compliance, and fair treatment of the assessee in transfer pricing assessments. en-us Wed, 24 Jan 2018 00:00:00 +0530 Sat, 27 Jan 2018 08:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354419 The ITAT directed the authorities to strictly comply with its directions in determining the Arm's Length Price (ALP) for international transactions, emphasizing adherence to Rule 10B(1)(b) of the IT Rules. The rejection of comparables selected by the assessee was allowed, highlighting the importance of accurate selection processes. The ITAT also addressed the imposition of interest under sections 234B and 234D, directing the AO to provide necessary relief. The judgment focused on procedural correctness, legal compliance, and fair treatment of the assessee in transfer pricing assessments. Case-Laws Income Tax Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354419