https://www.taxtmi.com/caselaws?id=368083 The appeal by the assessee was partly allowed, with specific directions given to the Transfer Pricing Officer and Assessing Officer on various grounds. The Tribunal upheld the rejection of the assessee's Transfer Pricing study, directed adjustments for capacity utilization and working capital differences, and clarified the scope of transfer pricing adjustments. The Tribunal also addressed issues related to operating margin computation, foreign exchange fluctuations, and deduction of prior period expenses. Additionally, the Tribunal provided guidance on MAT credit allowance and interest imposition, while dismissing the ground for penalty proceedings initiation under section 271(1)(c). en-us Mon, 17 Sep 2018 00:00:00 +0530 Fri, 07 Aug 2026 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368083 The appeal by the assessee was partly allowed, with specific directions given to the Transfer Pricing Officer and Assessing Officer on various grounds. The Tribunal upheld the rejection of the assessee's Transfer Pricing study, directed adjustments for capacity utilization and working capital differences, and clarified the scope of transfer pricing adjustments. The Tribunal also addressed issues related to operating margin computation, foreign exchange fluctuations, and deduction of prior period expenses. Additionally, the Tribunal provided guidance on MAT credit allowance and interest imposition, while dismissing the ground for penalty proceedings initiation under section 271(1)(c). Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368083