https://www.taxtmi.com/caselaws?id=382683 The Tribunal dismissed the appeal challenging the determination of arm's length price of Head Office General & Administrative expenses for the assessment year 2010-11, noting the lack of satisfactory evidence and academic importance. The Tribunal allowed the appeal in part, ruling in favor of the assessee regarding the levy of interest under section 234C, directing the Assessing Officer to delete the interest charged due to a technical delay beyond the assessee's control. The Tribunal emphasized the importance of assessing the competence of the Transfer Pricing Officer for future assessments. en-us Wed, 19 Jun 2019 00:00:00 +0530 Tue, 09 Jul 2019 06:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382683 The Tribunal dismissed the appeal challenging the determination of arm's length price of Head Office General & Administrative expenses for the assessment year 2010-11, noting the lack of satisfactory evidence and academic importance. The Tribunal allowed the appeal in part, ruling in favor of the assessee regarding the levy of interest under section 234C, directing the Assessing Officer to delete the interest charged due to a technical delay beyond the assessee's control. The Tribunal emphasized the importance of assessing the competence of the Transfer Pricing Officer for future assessments. Case-Laws Income Tax Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382683