https://www.taxtmi.com/caselaws?id=292587 The Tribunal partly allowed the appeals for the assessment years 2012-13 and 2013-14. It directed the exclusion of E-Infochips Ltd from comparables for software development services, treated foreign exchange gain as operating income, remanded the issue of royalty payment for fresh adjudication, and held that penalty proceedings under section 271(1)(c) did not survive. en-us Fri, 11 May 2018 00:00:00 +0530 Thu, 31 Dec 2020 18:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292587 The Tribunal partly allowed the appeals for the assessment years 2012-13 and 2013-14. It directed the exclusion of E-Infochips Ltd from comparables for software development services, treated foreign exchange gain as operating income, remanded the issue of royalty payment for fresh adjudication, and held that penalty proceedings under section 271(1)(c) did not survive. Case-Laws Income Tax Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292587