https://www.taxtmi.com/caselaws?id=396991 The Tribunal partly allowed the appeals by deleting Transfer Pricing adjustments for the relevant assessment years, directing the AO to compute interest and grant TDS credit as per law. The Tribunal upheld the consistent application of the TNMM method, emphasizing the rule of consistency in tax assessments. Penalty proceedings under Section 271(1)(c) were not elaborated upon in the judgment. The addition of interest income on fixed deposits for one year was upheld, with relief granted for excess income in another year. en-us Mon, 27 Jul 2020 00:00:00 +0530 Wed, 29 Jul 2020 14:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396991 The Tribunal partly allowed the appeals by deleting Transfer Pricing adjustments for the relevant assessment years, directing the AO to compute interest and grant TDS credit as per law. The Tribunal upheld the consistent application of the TNMM method, emphasizing the rule of consistency in tax assessments. Penalty proceedings under Section 271(1)(c) were not elaborated upon in the judgment. The addition of interest income on fixed deposits for one year was upheld, with relief granted for excess income in another year. Case-Laws Income Tax Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396991