https://www.taxtmi.com/caselaws?id=425959 The Tribunal accepted the late filing of Cross Objection due to the Covid pandemic, admitted it for disposal on merits, excluded Gorani Industries Limited and Butterfly Gandhimathi Appliances Limited from the list of comparables for transfer pricing, and directed a proportionate adjustment limited to international transactions. The appeal of the Revenue was allowed, the cross objection of the assessee was partly allowed, and the matter of transfer pricing adjustment was remitted for fresh determination with the assessee granted a reasonable opportunity of hearing. en-us Mon, 01 Aug 2022 00:00:00 +0530 Wed, 03 Aug 2022 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425959 The Tribunal accepted the late filing of Cross Objection due to the Covid pandemic, admitted it for disposal on merits, excluded Gorani Industries Limited and Butterfly Gandhimathi Appliances Limited from the list of comparables for transfer pricing, and directed a proportionate adjustment limited to international transactions. The appeal of the Revenue was allowed, the cross objection of the assessee was partly allowed, and the matter of transfer pricing adjustment was remitted for fresh determination with the assessee granted a reasonable opportunity of hearing. Case-Laws Income Tax Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425959