https://www.taxtmi.com/caselaws?id=422092 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. Various tax adjustments were analyzed, with directions for re-examination or deletion of adjustments. The Tribunal found in favor of the assessee on issues such as transfer pricing adjustments, denial of tax benefits, mark to market losses, and buyback of shares. The Tribunal directed the AO to recompute interest levies accordingly but did not specifically address the penalty issue. Overall, the Tribunal provided detailed reasoning and relief to the assessee on several contentious tax matters. en-us Wed, 22 Dec 2021 00:00:00 +0530 Sat, 07 May 2022 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422092 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. Various tax adjustments were analyzed, with directions for re-examination or deletion of adjustments. The Tribunal found in favor of the assessee on issues such as transfer pricing adjustments, denial of tax benefits, mark to market losses, and buyback of shares. The Tribunal directed the AO to recompute interest levies accordingly but did not specifically address the penalty issue. Overall, the Tribunal provided detailed reasoning and relief to the assessee on several contentious tax matters. Case-Laws Income Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422092