https://www.taxtmi.com/caselaws?id=405316 The Tribunal remitted the Transfer Pricing Issues back to the AO/TPO for fresh consideration based on previous rulings and directions. Regarding the Change in Method of Revenue Recognition, the Tribunal upheld the revenue authorities' decision that the change was not bona fide. The issue of Denial of TDS Credit was remitted for fresh consideration after directing the AO to provide credit as per the reconciliation statement. The Non-grant of Depreciation on Foreign Exchange Loss was remitted to the AO for further verification. The Tribunal partly allowed the appeal on the Levy of Interest u/s.234B for statistical purposes, providing relief on certain grounds and remitting others for fresh consideration. en-us Thu, 25 Feb 2021 00:00:00 +0530 Thu, 18 Mar 2021 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405316 The Tribunal remitted the Transfer Pricing Issues back to the AO/TPO for fresh consideration based on previous rulings and directions. Regarding the Change in Method of Revenue Recognition, the Tribunal upheld the revenue authorities' decision that the change was not bona fide. The issue of Denial of TDS Credit was remitted for fresh consideration after directing the AO to provide credit as per the reconciliation statement. The Non-grant of Depreciation on Foreign Exchange Loss was remitted to the AO for further verification. The Tribunal partly allowed the appeal on the Levy of Interest u/s.234B for statistical purposes, providing relief on certain grounds and remitting others for fresh consideration. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405316