https://www.taxtmi.com/caselaws?id=431261 The Tribunal partly allowed the assessee's appeal, directing acceptance of Internal TNMM as the Most Appropriate Method for international transactions with Associated Enterprises. All twelve comparables chosen by the assessee were included under External TNMM, leading to the deletion of the transfer pricing adjustment. The deduction for employee's contribution to provident fund and ESI was allowed if remitted before the income tax return filing due date. Penalty proceedings under section 271(1)(c) were deemed premature, and no interest under sections 234A and 234B was chargeable. The Tribunal directed the granting of MAT credit under section 115JAA and consequential refund with interest under section 244A. en-us Thu, 23 Jun 2022 00:00:00 +0530 Thu, 08 Dec 2022 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431261 The Tribunal partly allowed the assessee's appeal, directing acceptance of Internal TNMM as the Most Appropriate Method for international transactions with Associated Enterprises. All twelve comparables chosen by the assessee were included under External TNMM, leading to the deletion of the transfer pricing adjustment. The deduction for employee's contribution to provident fund and ESI was allowed if remitted before the income tax return filing due date. Penalty proceedings under section 271(1)(c) were deemed premature, and no interest under sections 234A and 234B was chargeable. The Tribunal directed the granting of MAT credit under section 115JAA and consequential refund with interest under section 244A. Case-Laws Income Tax Thu, 23 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431261