https://www.taxtmi.com/caselaws?id=306022 The Tribunal allowed the appeal for statistical purposes, directing the AO/TPO to adhere to the DRP's directions on transfer pricing adjustments, restricting them to 33% of material cost and 16% of total operating cost. The Tribunal also instructed the AO to grant MAT credit as claimed and to provide calculations for interest under sections 234B and 234C, allowing the assessee to object to errors. The matter was remanded for further analysis on capacity utilization and overheads allocation, emphasizing proportionate adjustments. en-us Wed, 18 May 2016 00:00:00 +0530 Fri, 20 Dec 2024 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306022 The Tribunal allowed the appeal for statistical purposes, directing the AO/TPO to adhere to the DRP's directions on transfer pricing adjustments, restricting them to 33% of material cost and 16% of total operating cost. The Tribunal also instructed the AO to grant MAT credit as claimed and to provide calculations for interest under sections 234B and 234C, allowing the assessee to object to errors. The matter was remanded for further analysis on capacity utilization and overheads allocation, emphasizing proportionate adjustments. Case-Laws Income Tax Wed, 18 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306022