https://www.taxtmi.com/caselaws?id=273850 The Tribunal partly allowed the assessee's appeal, directing reconsideration and verification by the Transfer Pricing Officer on certain issues such as working capital adjustment and foreign exchange gain/loss treatment. The Tribunal dismissed the risk adjustment claim and rejected the benefit of +/- 5% in computing the Arm's Length Price. The Tribunal upheld the charging of interest under Section 234B but dismissed the initiation of penalty proceedings under Section 271(1)(c) as premature. The decision involved detailed analysis of transfer pricing adjustments, use of data, comparables, and legal provisions. en-us Fri, 07 Aug 2015 00:00:00 +0530 Wed, 18 Jul 2018 06:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273850 The Tribunal partly allowed the assessee's appeal, directing reconsideration and verification by the Transfer Pricing Officer on certain issues such as working capital adjustment and foreign exchange gain/loss treatment. The Tribunal dismissed the risk adjustment claim and rejected the benefit of +/- 5% in computing the Arm's Length Price. The Tribunal upheld the charging of interest under Section 234B but dismissed the initiation of penalty proceedings under Section 271(1)(c) as premature. The decision involved detailed analysis of transfer pricing adjustments, use of data, comparables, and legal provisions. Case-Laws Income Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273850