https://www.taxtmi.com/caselaws?id=401925 The Tribunal partly allowed the appeal, directing the reassessment of the transfer pricing adjustment for technical support services by excluding certain entities, and granting the due TDS credit. The disallowance under Section 14A read with Rule 8D was deleted as the AO failed to justify additional disallowance. The addition on account of TDS differences was rejected, and the short grant of TDS credit was directed to be rectified. Other issues such as incorrect levy of interest under Section 234B and interest under Section 244A were to be resolved in accordance with the law. Penalty proceedings under Section 271(1)(c) were deemed premature. en-us Thu, 17 Dec 2020 00:00:00 +0530 Sat, 19 Dec 2020 07:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401925 The Tribunal partly allowed the appeal, directing the reassessment of the transfer pricing adjustment for technical support services by excluding certain entities, and granting the due TDS credit. The disallowance under Section 14A read with Rule 8D was deleted as the AO failed to justify additional disallowance. The addition on account of TDS differences was rejected, and the short grant of TDS credit was directed to be rectified. Other issues such as incorrect levy of interest under Section 234B and interest under Section 244A were to be resolved in accordance with the law. Penalty proceedings under Section 271(1)(c) were deemed premature. Case-Laws Income Tax Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401925