https://www.taxtmi.com/caselaws?id=284653 The Tribunal ruled in favor of the appellant, partly allowing the appeal and emphasizing errors in rejecting segmental results and internal TNMM for transfer pricing adjustments. Previous orders were cited to support the appellant's position on direct supplies/services by the head office and ad-hoc disallowance of business expenses, leading to a favorable decision. The Tribunal also held that interest under section 234B could not be charged when the payer is responsible for TDS, aligning with precedent. The appeal was partly allowed for statistical purposes, with the Tribunal remanding the ad-hoc disallowance of business expenses for fresh consideration by the AO. en-us Fri, 23 Mar 2018 00:00:00 +0530 Mon, 02 Dec 2019 11:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284653 The Tribunal ruled in favor of the appellant, partly allowing the appeal and emphasizing errors in rejecting segmental results and internal TNMM for transfer pricing adjustments. Previous orders were cited to support the appellant's position on direct supplies/services by the head office and ad-hoc disallowance of business expenses, leading to a favorable decision. The Tribunal also held that interest under section 234B could not be charged when the payer is responsible for TDS, aligning with precedent. The appeal was partly allowed for statistical purposes, with the Tribunal remanding the ad-hoc disallowance of business expenses for fresh consideration by the AO. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284653