https://www.taxtmi.com/caselaws?id=420095 The Tribunal partly allowed the appeals by the assessee. It directed the AO/TPO to adopt OP/Sales as the Profit Level Indicator, reconsider the comparability of Hindoostan Mills Ltd. and Laxmi Machine Works Ltd., restrict Transfer Pricing adjustments to Associated Enterprises transactions, and exclude provisions for bonus and long service award from the computation of book profit under section 115JB. The additional ground regarding the deduction of education cess was dismissed. en-us Mon, 21 Mar 2022 00:00:00 +0530 Wed, 24 Jun 2026 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420095 The Tribunal partly allowed the appeals by the assessee. It directed the AO/TPO to adopt OP/Sales as the Profit Level Indicator, reconsider the comparability of Hindoostan Mills Ltd. and Laxmi Machine Works Ltd., restrict Transfer Pricing adjustments to Associated Enterprises transactions, and exclude provisions for bonus and long service award from the computation of book profit under section 115JB. The additional ground regarding the deduction of education cess was dismissed. Case-Laws Income Tax Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420095