https://www.taxtmi.com/caselaws?id=432815 The tribunal partly allowed the appeal by the assessee, directing the deletion of the transfer pricing adjustment and remanding certain issues for fresh adjudication based on earlier directions. The tribunal upheld the claim for depreciation on goodwill arising from amalgamation and dismissed the premature initiation of penalty proceedings. Interest under Sections 234B and 234C was allowed for statistical purposes, while the issue of interest under Section 234A was remanded for further examination by the assessing officer. en-us Fri, 14 Oct 2022 00:00:00 +0530 Fri, 13 Jan 2023 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432815 The tribunal partly allowed the appeal by the assessee, directing the deletion of the transfer pricing adjustment and remanding certain issues for fresh adjudication based on earlier directions. The tribunal upheld the claim for depreciation on goodwill arising from amalgamation and dismissed the premature initiation of penalty proceedings. Interest under Sections 234B and 234C was allowed for statistical purposes, while the issue of interest under Section 234A was remanded for further examination by the assessing officer. Case-Laws Income Tax Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432815