https://www.taxtmi.com/caselaws?id=274431 The case involved transfer pricing adjustments in the IT and ITES segments, inclusion/exclusion of comparables, allocation of director's remuneration between STP and Non-STP units, and penalty initiation and interest issues. The Tribunal partly allowed the appeal, directing the Assessing Officer to make additions towards transfer pricing adjustments and wrong allocation of director's salary. The Tribunal also provided guidance on the selection of comparables, directing the AO to include specific companies if they pass relevant filters. The issue of director's remuneration allocation was sent back for fresh examination, and the penalty initiation was deemed premature, with interest being consequential. en-us Mon, 02 Apr 2018 00:00:00 +0530 Mon, 13 Aug 2018 20:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274431 The case involved transfer pricing adjustments in the IT and ITES segments, inclusion/exclusion of comparables, allocation of director's remuneration between STP and Non-STP units, and penalty initiation and interest issues. The Tribunal partly allowed the appeal, directing the Assessing Officer to make additions towards transfer pricing adjustments and wrong allocation of director's salary. The Tribunal also provided guidance on the selection of comparables, directing the AO to include specific companies if they pass relevant filters. The issue of director's remuneration allocation was sent back for fresh examination, and the penalty initiation was deemed premature, with interest being consequential. Case-Laws Income Tax Mon, 02 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274431