https://www.taxtmi.com/caselaws?id=294974 The Tribunal remitted the transfer pricing adjustments issue back to the TPO/Assessing Officer to decide in line with the previous order favoring the assessee's stance on the method. The Tribunal directed the Assessing Officer/TPO to consider the internal TNMM method based on man-hour rates for benchmarking international transactions, emphasizing the relevance of hourly rates charged by the assessee. Additionally, the Tribunal directed the Assessing Officer to verify the excess provision for interest on service tax to prevent double taxation and dismissed the appeal challenging the initiation of penalty proceedings as premature. en-us Wed, 08 Aug 2018 00:00:00 +0530 Thu, 13 May 2021 11:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294974 The Tribunal remitted the transfer pricing adjustments issue back to the TPO/Assessing Officer to decide in line with the previous order favoring the assessee's stance on the method. The Tribunal directed the Assessing Officer/TPO to consider the internal TNMM method based on man-hour rates for benchmarking international transactions, emphasizing the relevance of hourly rates charged by the assessee. Additionally, the Tribunal directed the Assessing Officer to verify the excess provision for interest on service tax to prevent double taxation and dismissed the appeal challenging the initiation of penalty proceedings as premature. Case-Laws Income Tax Wed, 08 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294974