https://www.taxtmi.com/caselaws?id=400173 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer (AO) and Transfer Pricing Officer (TPO) to re-examine and recompute various aspects of the assessment. This included recalculating the Profit Level Indicator (PLI) of the assessee and comparable companies, excluding certain comparables like Yuken India Ltd. and WPIL Ltd., and considering voluntary transfer pricing adjustments. The AO was instructed to verify brought forward losses, unabsorbed depreciation, and recompute transfer pricing adjustments proportionate to international transactions. Penalty proceedings and interest charges were to be addressed based on the final assessed income. en-us Tue, 27 Oct 2020 00:00:00 +0530 Thu, 29 Oct 2020 19:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400173 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer (AO) and Transfer Pricing Officer (TPO) to re-examine and recompute various aspects of the assessment. This included recalculating the Profit Level Indicator (PLI) of the assessee and comparable companies, excluding certain comparables like Yuken India Ltd. and WPIL Ltd., and considering voluntary transfer pricing adjustments. The AO was instructed to verify brought forward losses, unabsorbed depreciation, and recompute transfer pricing adjustments proportionate to international transactions. Penalty proceedings and interest charges were to be addressed based on the final assessed income. Case-Laws Income Tax Tue, 27 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400173