https://www.taxtmi.com/caselaws?id=397566 The ITAT partly allowed the appeal for statistical purposes, directing the AO/TPO to reassess the ALP by comparing each invoice separately and adjust if discrepancies exceed 5% of the actual price. The Tribunal upheld an upward adjustment of Rs. 2,20,704 for Dyestar Group transactions and excluded Dyestar as a comparable for post-4th February 2010 transactions with Well Prospering Ltd. The Tribunal also upheld the TPO's and CIT(A)'s decisions on other issues, including the legality of the TPO referral and the invocation of Chapter X provisions, while implicitly supporting the charging of interest and initiation of penalty proceedings. en-us Wed, 19 Aug 2020 00:00:00 +0530 Tue, 05 Nov 2024 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397566 The ITAT partly allowed the appeal for statistical purposes, directing the AO/TPO to reassess the ALP by comparing each invoice separately and adjust if discrepancies exceed 5% of the actual price. The Tribunal upheld an upward adjustment of Rs. 2,20,704 for Dyestar Group transactions and excluded Dyestar as a comparable for post-4th February 2010 transactions with Well Prospering Ltd. The Tribunal also upheld the TPO's and CIT(A)'s decisions on other issues, including the legality of the TPO referral and the invocation of Chapter X provisions, while implicitly supporting the charging of interest and initiation of penalty proceedings. Case-Laws Income Tax Wed, 19 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397566