https://www.taxtmi.com/caselaws?id=431570 The Tribunal partly allowed the appeal, directing the Transfer Pricing Officer to reconsider the valuation of transferred assets by taking into account the Addendum and other evidence. The Assessing Officer was instructed to compute the adjustment under "Income from Capital Gains" instead of "Income from Business or Profession." The issue of penalty proceedings under section 270A was dismissed as premature. en-us Fri, 02 Dec 2022 00:00:00 +0530 Fri, 16 Dec 2022 09:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431570 The Tribunal partly allowed the appeal, directing the Transfer Pricing Officer to reconsider the valuation of transferred assets by taking into account the Addendum and other evidence. The Assessing Officer was instructed to compute the adjustment under "Income from Capital Gains" instead of "Income from Business or Profession." The issue of penalty proceedings under section 270A was dismissed as premature. Case-Laws Income Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431570