https://www.taxtmi.com/caselaws?id=404725 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to vacate the transfer pricing adjustments related to royalty payments and services to associated enterprises. The Tribunal also instructed the AO to refer the valuation of the property to the Valuation Officer, verify the TDS credit, and consider the grievances regarding the levy of interest. The initiation of penalty proceedings under Section 271(1)(c) was dismissed as premature. en-us Mon, 15 Feb 2021 00:00:00 +0530 Tue, 02 Mar 2021 08:21:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404725 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to vacate the transfer pricing adjustments related to royalty payments and services to associated enterprises. The Tribunal also instructed the AO to refer the valuation of the property to the Valuation Officer, verify the TDS credit, and consider the grievances regarding the levy of interest. The initiation of penalty proceedings under Section 271(1)(c) was dismissed as premature. Case-Laws Income Tax Mon, 15 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404725