https://www.taxtmi.com/caselaws?id=422711 The Tribunal partly allowed the appeal, directing the Assessing Officer to re-examine transactions under section 40A(2)(b) and restrict disallowance under section 14A to exempt income. The appellant's objections to various adjustments were considered, with some upheld and others requiring further examination. The Tribunal emphasized the retrospective nature of the deletion of clause (i) of section 92BA, invalidating certain transfer pricing adjustments. en-us Thu, 28 Apr 2022 00:00:00 +0530 Sat, 21 May 2022 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422711 The Tribunal partly allowed the appeal, directing the Assessing Officer to re-examine transactions under section 40A(2)(b) and restrict disallowance under section 14A to exempt income. The appellant's objections to various adjustments were considered, with some upheld and others requiring further examination. The Tribunal emphasized the retrospective nature of the deletion of clause (i) of section 92BA, invalidating certain transfer pricing adjustments. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422711