https://www.taxtmi.com/caselaws?id=419253 The Tribunal partly allowed the appeal for statistical purposes, directing a reduction in the adjustment amount for the provision of guarantee and accepting the segmental results for back office services without requiring any transfer pricing adjustment. The rectification and error in computation of total income were addressed through a section 154 order. The matter of relief for MAT credit was remanded for re-computation by the AO. The chargeability of interest under sections 234B and 234C was clarified, and the initiation of penalty proceedings under section 271(1)(c) was deemed premature. en-us Tue, 22 Feb 2022 00:00:00 +0530 Mon, 07 Mar 2022 08:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419253 The Tribunal partly allowed the appeal for statistical purposes, directing a reduction in the adjustment amount for the provision of guarantee and accepting the segmental results for back office services without requiring any transfer pricing adjustment. The rectification and error in computation of total income were addressed through a section 154 order. The matter of relief for MAT credit was remanded for re-computation by the AO. The chargeability of interest under sections 234B and 234C was clarified, and the initiation of penalty proceedings under section 271(1)(c) was deemed premature. Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419253