https://www.taxtmi.com/caselaws?id=284737 The appeal by the assessee was allowed for statistical purposes. The Tribunal directed the exclusion of certain companies from the list of comparables, included Cyber Media India Online Ltd., and ordered verification of the inclusion of ICRA Management Consulting Services Ltd. The issue of enhancing the cost base for computing the arm's length price was remanded to the DRP for fresh adjudication. Interest levied under various sections of the I.T. Act and the initiation of penalty proceedings under section 271(1)(c) were dismissed. en-us Fri, 20 Apr 2018 00:00:00 +0530 Mon, 09 Dec 2019 10:13:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284737 The appeal by the assessee was allowed for statistical purposes. The Tribunal directed the exclusion of certain companies from the list of comparables, included Cyber Media India Online Ltd., and ordered verification of the inclusion of ICRA Management Consulting Services Ltd. The issue of enhancing the cost base for computing the arm's length price was remanded to the DRP for fresh adjudication. Interest levied under various sections of the I.T. Act and the initiation of penalty proceedings under section 271(1)(c) were dismissed. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284737