https://www.taxtmi.com/caselaws?id=306192 The Tribunal partially allowed the assessee's appeal concerning transfer pricing adjustment and disallowance under section 14A. Regarding the transfer pricing adjustment, the Tribunal found insufficient data to support the claim of internal TNMM, leading to the issue being remanded for further adjudication. Concerning the disallowance under section 14A, the Tribunal ruled in favor of the assessee, stating that since no exempt income was earned, no disallowance should be made. As a result, the Tribunal directed the Assessing Officer to delete the disallowance amount, partially granting relief to the assessee. en-us Tue, 26 Nov 2019 00:00:00 +0530 Mon, 16 Jan 2023 20:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306192 The Tribunal partially allowed the assessee's appeal concerning transfer pricing adjustment and disallowance under section 14A. Regarding the transfer pricing adjustment, the Tribunal found insufficient data to support the claim of internal TNMM, leading to the issue being remanded for further adjudication. Concerning the disallowance under section 14A, the Tribunal ruled in favor of the assessee, stating that since no exempt income was earned, no disallowance should be made. As a result, the Tribunal directed the Assessing Officer to delete the disallowance amount, partially granting relief to the assessee. Case-Laws Income Tax Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306192