https://www.taxtmi.com/caselaws?id=398195 The Tribunal partly allowed the assessee's appeals for AY 2010-11 and 2011-12, directing the exclusion of certain comparables in transfer pricing adjustments. The addition of undisclosed receipts and disallowance of professional fees were set aside for verification. The Tribunal did not address the penalty under Section 271(1)(c) specifically. Separate judgments were delivered for the appeals, upholding DRP's directions on TP adjustment. The delay in pronouncing the order due to COVID-19 lockdown justified an extension of the limitation period. The revenue's appeals and cross-objections for AY 2011-12 were dismissed. en-us Wed, 17 Jun 2020 00:00:00 +0530 Wed, 09 Sep 2020 10:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398195 The Tribunal partly allowed the assessee's appeals for AY 2010-11 and 2011-12, directing the exclusion of certain comparables in transfer pricing adjustments. The addition of undisclosed receipts and disallowance of professional fees were set aside for verification. The Tribunal did not address the penalty under Section 271(1)(c) specifically. Separate judgments were delivered for the appeals, upholding DRP's directions on TP adjustment. The delay in pronouncing the order due to COVID-19 lockdown justified an extension of the limitation period. The revenue's appeals and cross-objections for AY 2011-12 were dismissed. Case-Laws Income Tax Wed, 17 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398195