https://www.taxtmi.com/caselaws?id=431130 The appeal was partly allowed for statistical purposes, with the Tribunal upholding the assessee's plea on transfer pricing adjustments related to the selection of Profit before Depreciation (PBDIT) as the profit level indicator. Various issues, including reallocation of expenses, exclusion of communication expenses, and depreciation on servers, were remanded to the Assessing Officer for re-examination and necessary adjudication. Disallowances of expenses and the initiation of penalty proceedings were also subject to further assessment. The Tribunal provided specific directives for each issue to ensure a comprehensive reassessment. en-us Fri, 05 Aug 2022 00:00:00 +0530 Tue, 06 Dec 2022 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431130 The appeal was partly allowed for statistical purposes, with the Tribunal upholding the assessee's plea on transfer pricing adjustments related to the selection of Profit before Depreciation (PBDIT) as the profit level indicator. Various issues, including reallocation of expenses, exclusion of communication expenses, and depreciation on servers, were remanded to the Assessing Officer for re-examination and necessary adjudication. Disallowances of expenses and the initiation of penalty proceedings were also subject to further assessment. The Tribunal provided specific directives for each issue to ensure a comprehensive reassessment. Case-Laws Income Tax Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431130