https://www.taxtmi.com/caselaws?id=286507 The Tribunal partly allowed the appeal, directing the exclusion of certain comparables for benchmarking international transactions due to functional dissimilarities. It instructed the Transfer Pricing Officer (TPO) to re-compute the Arm's Length Price (ALP) and verify correct margins of remaining comparables. The Tribunal also addressed issues related to short credit of Tax Deducted at Source, interest under Sections 234A, 234B, 234D, and deemed penalty proceedings under Section 271(1)(C), providing specific directions to the Assessing Officer (AO) for necessary actions. en-us Wed, 29 May 2019 00:00:00 +0530 Mon, 02 Mar 2020 08:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286507 The Tribunal partly allowed the appeal, directing the exclusion of certain comparables for benchmarking international transactions due to functional dissimilarities. It instructed the Transfer Pricing Officer (TPO) to re-compute the Arm's Length Price (ALP) and verify correct margins of remaining comparables. The Tribunal also addressed issues related to short credit of Tax Deducted at Source, interest under Sections 234A, 234B, 234D, and deemed penalty proceedings under Section 271(1)(C), providing specific directions to the Assessing Officer (AO) for necessary actions. Case-Laws Income Tax Wed, 29 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286507