https://www.taxtmi.com/caselaws?id=199465 The Tribunal partly allowed the appeal, ruling in favor of the appellant regarding the transfer pricing adjustment issue. The Tribunal found errors in the selection of the tested party and comparables by the Dispute Resolution Panel and Transfer Pricing Officer, leading to the deletion of the ALP adjustment made by the Assessing Officer. The initiation of penalty proceedings under Section 271(1)(c) of the IT Act was deemed premature and rejected. en-us Fri, 26 Jul 2013 00:00:00 +0530 Tue, 18 Apr 2023 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199465 The Tribunal partly allowed the appeal, ruling in favor of the appellant regarding the transfer pricing adjustment issue. The Tribunal found errors in the selection of the tested party and comparables by the Dispute Resolution Panel and Transfer Pricing Officer, leading to the deletion of the ALP adjustment made by the Assessing Officer. The initiation of penalty proceedings under Section 271(1)(c) of the IT Act was deemed premature and rejected. Case-Laws Income Tax Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199465