https://www.taxtmi.com/caselaws?id=376380 The Tribunal partially allowed the assessee's appeal by excluding SISCO from comparables and adjusting the arm's length price. It upheld the deletion of disallowed bad debts and interest on capital borrowings. The penalty under section 271(1)(c) for income concealment related to transfer pricing was cancelled due to the assessee's good faith actions. The Revenue's appeals were dismissed, affirming the penalty cancellation and other decisions in favor of the assessee. en-us Wed, 26 Sep 2018 00:00:00 +0530 Wed, 06 Mar 2019 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376380 The Tribunal partially allowed the assessee's appeal by excluding SISCO from comparables and adjusting the arm's length price. It upheld the deletion of disallowed bad debts and interest on capital borrowings. The penalty under section 271(1)(c) for income concealment related to transfer pricing was cancelled due to the assessee's good faith actions. The Revenue's appeals were dismissed, affirming the penalty cancellation and other decisions in favor of the assessee. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376380