https://www.taxtmi.com/caselaws?id=365786 The Tribunal upheld the Transfer Pricing Officer's decision to add Rs. 25.74 crore for transfer pricing adjustments on business support services due to discrepancies in the arm's length price determination. The Dispute Resolution Panel's disallowance of interest on late payment of taxes and advance tax payment was affirmed, with the Tribunal emphasizing that voluntary reversal in a subsequent year does not make the interest deductible in the current year. The non-set-off of brought forward unabsorbed depreciation was remanded for further examination. The appeal challenging the levy of interest under section 234B was partially successful, with the Tribunal allowing it for statistical purposes only. en-us Tue, 21 Aug 2018 00:00:00 +0530 Thu, 23 Aug 2018 09:36:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365786 The Tribunal upheld the Transfer Pricing Officer's decision to add Rs. 25.74 crore for transfer pricing adjustments on business support services due to discrepancies in the arm's length price determination. The Dispute Resolution Panel's disallowance of interest on late payment of taxes and advance tax payment was affirmed, with the Tribunal emphasizing that voluntary reversal in a subsequent year does not make the interest deductible in the current year. The non-set-off of brought forward unabsorbed depreciation was remanded for further examination. The appeal challenging the levy of interest under section 234B was partially successful, with the Tribunal allowing it for statistical purposes only. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365786