https://www.taxtmi.com/caselaws?id=286686 The Tribunal ruled in favor of the assessee regarding transfer pricing adjustments under the Tonnage Tax Scheme, stating they do not apply. Issues concerning disallowance under Section 14A were remanded to the Assessing Officer for reconsideration in line with relevant case law. The appeal was partly allowed, with the Tribunal favoring the assessee on transfer pricing issues but requiring further assessment on Section 14A disallowances. en-us Wed, 26 Jun 2019 00:00:00 +0530 Tue, 10 Mar 2020 09:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286686 The Tribunal ruled in favor of the assessee regarding transfer pricing adjustments under the Tonnage Tax Scheme, stating they do not apply. Issues concerning disallowance under Section 14A were remanded to the Assessing Officer for reconsideration in line with relevant case law. The appeal was partly allowed, with the Tribunal favoring the assessee on transfer pricing issues but requiring further assessment on Section 14A disallowances. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286686