https://www.taxtmi.com/caselaws?id=431236 The Appellate Tribunal ruled in favor of the assessee in various issues including transfer pricing adjustments on trade receivables, set-off of business losses and depreciation, MAT credit entitlement, Foreign Tax Credit, and erroneous interest levy. The Tribunal directed the Assessing Officer to reconsider these aspects in accordance with the law, allowing the grounds raised by the assessee for statistical purposes. Penalty proceedings under section 271(1)(c) were also reviewed, with the Tribunal allowing the grounds raised by the assessee for statistical purposes after considering objections against the penalty proceedings. en-us Mon, 11 Jul 2022 00:00:00 +0530 Thu, 08 Dec 2022 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431236 The Appellate Tribunal ruled in favor of the assessee in various issues including transfer pricing adjustments on trade receivables, set-off of business losses and depreciation, MAT credit entitlement, Foreign Tax Credit, and erroneous interest levy. The Tribunal directed the Assessing Officer to reconsider these aspects in accordance with the law, allowing the grounds raised by the assessee for statistical purposes. Penalty proceedings under section 271(1)(c) were also reviewed, with the Tribunal allowing the grounds raised by the assessee for statistical purposes after considering objections against the penalty proceedings. Case-Laws Income Tax Mon, 11 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431236