https://www.taxtmi.com/caselaws?id=275387 The tribunal remanded several issues back to the Transfer Pricing Officer (TPO) for fresh adjudication, including the adjustment for extraordinary expenses, rejection of comparable companies, and the use of segmental information. It upheld the Dispute Resolution Panel's direction regarding the inclusion of income from administrative services as operating revenue and dismissed the revenue's appeal on this ground. The tribunal directed the Assessing Officer (AO)/TPO to verify and rectify the short tax credit claimed by the assessee. The appeal regarding set-off of brought forward business loss and unabsorbed depreciation was dismissed as the assessee was not aggrieved by the DRP's directions. en-us Tue, 04 Apr 2017 00:00:00 +0530 Mon, 01 Oct 2018 06:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275387 The tribunal remanded several issues back to the Transfer Pricing Officer (TPO) for fresh adjudication, including the adjustment for extraordinary expenses, rejection of comparable companies, and the use of segmental information. It upheld the Dispute Resolution Panel's direction regarding the inclusion of income from administrative services as operating revenue and dismissed the revenue's appeal on this ground. The tribunal directed the Assessing Officer (AO)/TPO to verify and rectify the short tax credit claimed by the assessee. The appeal regarding set-off of brought forward business loss and unabsorbed depreciation was dismissed as the assessee was not aggrieved by the DRP's directions. Case-Laws Income Tax Tue, 04 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275387