https://www.taxtmi.com/caselaws?id=200119 The Tribunal partly allowed the appeal, remitting the eligibility for deduction under section 10A back for verification and excluding certain comparables for transfer pricing adjustments. Emphasizing consistency and functional similarity in comparables selection, the Tribunal directed re-computation of margins. The disallowance of deduction under section 10B was upheld due to lack of necessary approval. The Tribunal found the appellant entitled to deduction under section 10A, provided conditions are met. Adjustments to arm's length price were made, addressing comparables selection and application of Safe Harbor Rules. Interest levy and penalty proceedings appeals were noted as premature or consequential. en-us Wed, 25 Jan 2017 00:00:00 +0530 Wed, 21 Mar 2018 17:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200119 The Tribunal partly allowed the appeal, remitting the eligibility for deduction under section 10A back for verification and excluding certain comparables for transfer pricing adjustments. Emphasizing consistency and functional similarity in comparables selection, the Tribunal directed re-computation of margins. The disallowance of deduction under section 10B was upheld due to lack of necessary approval. The Tribunal found the appellant entitled to deduction under section 10A, provided conditions are met. Adjustments to arm's length price were made, addressing comparables selection and application of Safe Harbor Rules. Interest levy and penalty proceedings appeals were noted as premature or consequential. Case-Laws Income Tax Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200119