https://www.taxtmi.com/caselaws?id=381511 The Tribunal partly allowed the appeals for both assessment years, directing the TPO/AO to re-examine the comparables and ensure proper adjustments and reliefs. The ground related to the initiation of penalty proceedings under section 271(1)(c) was dismissed as premature. The Tribunal also addressed issues regarding the granting of Minimum Alternate Tax (MAT) credit and charging of consequential interest, directing the AO to provide proper MAT credit and relief as per the DRP's directions after verification. en-us Fri, 10 May 2019 00:00:00 +0530 Wed, 12 Jun 2019 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381511 The Tribunal partly allowed the appeals for both assessment years, directing the TPO/AO to re-examine the comparables and ensure proper adjustments and reliefs. The ground related to the initiation of penalty proceedings under section 271(1)(c) was dismissed as premature. The Tribunal also addressed issues regarding the granting of Minimum Alternate Tax (MAT) credit and charging of consequential interest, directing the AO to provide proper MAT credit and relief as per the DRP's directions after verification. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381511