https://www.taxtmi.com/caselaws?id=200641 The Tribunal partly allowed the appeal, directing re-computation and verification of adjustments. It emphasized consistency in applying methods for determining Arm's Length Price and related computations. Notably, adjustments were made to the ALP for international transactions, deductions under section 10A were recalculated, and certain expenses were excluded from turnover calculations. The Tribunal also addressed disallowances under section 14A, interest charges under sections 234B and 234D, and the initiation of penalty proceedings under section 271(1)(c). Overall, the Tribunal's decision focused on ensuring accuracy and adherence to established principles in tax assessments. en-us Mon, 02 Jan 2017 00:00:00 +0530 Tue, 10 Apr 2018 08:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200641 The Tribunal partly allowed the appeal, directing re-computation and verification of adjustments. It emphasized consistency in applying methods for determining Arm's Length Price and related computations. Notably, adjustments were made to the ALP for international transactions, deductions under section 10A were recalculated, and certain expenses were excluded from turnover calculations. The Tribunal also addressed disallowances under section 14A, interest charges under sections 234B and 234D, and the initiation of penalty proceedings under section 271(1)(c). Overall, the Tribunal's decision focused on ensuring accuracy and adherence to established principles in tax assessments. Case-Laws Income Tax Mon, 02 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200641