https://www.taxtmi.com/caselaws?id=369467 The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. The Tribunal upheld the exclusion of certain comparables based on turnover filters and the inclusion of new comparables identified during Transfer Pricing proceedings. The issue of Transfer Pricing adjustment for management fees, meeting expenses, and communication costs was remitted back for reconsideration. The initiation of penalty proceedings was deemed premature, and the levy of interest was upheld as consequential to the final determination of total income after Transfer Pricing adjustments. en-us Wed, 24 Oct 2018 00:00:00 +0530 Mon, 29 Oct 2018 07:46:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369467 The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. The Tribunal upheld the exclusion of certain comparables based on turnover filters and the inclusion of new comparables identified during Transfer Pricing proceedings. The issue of Transfer Pricing adjustment for management fees, meeting expenses, and communication costs was remitted back for reconsideration. The initiation of penalty proceedings was deemed premature, and the levy of interest was upheld as consequential to the final determination of total income after Transfer Pricing adjustments. Case-Laws Income Tax Wed, 24 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369467