https://www.taxtmi.com/caselaws?id=414154 The Tribunal partly allowed the appeal, deleting Transfer Pricing (TP) adjustments related to the export of finished products, payment of royalty for technical know-how, payment of interest on External Commercial Borrowing (ECB), and payment of Information System (IS) charges. The Tribunal found the methods used by the Transfer Pricing Officer (TPO) invalid and inconsistent with geographical differences, leading to the deletion of adjustments. Penalty proceedings under section 271(1)(c) and levy of interest under sections 234B and 234C were not specifically addressed as they were deemed consequential or premature. en-us Tue, 26 Oct 2021 00:00:00 +0530 Fri, 29 Oct 2021 08:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414154 The Tribunal partly allowed the appeal, deleting Transfer Pricing (TP) adjustments related to the export of finished products, payment of royalty for technical know-how, payment of interest on External Commercial Borrowing (ECB), and payment of Information System (IS) charges. The Tribunal found the methods used by the Transfer Pricing Officer (TPO) invalid and inconsistent with geographical differences, leading to the deletion of adjustments. Penalty proceedings under section 271(1)(c) and levy of interest under sections 234B and 234C were not specifically addressed as they were deemed consequential or premature. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414154