https://www.taxtmi.com/caselaws?id=306329 The Tribunal partially allowed the appeal, directing the exclusion of CTR Manufacturing Industries Ltd. from the list of comparables and deleting the disallowance under Section 40(a)(i) of the Income Tax Act. The challenge to the initiation of penalty proceedings under Section 271(1)(c) was dismissed as premature. The order was pronounced on 19th January 2021. en-us Tue, 19 Jan 2021 00:00:00 +0530 Mon, 23 Jan 2023 11:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306329 The Tribunal partially allowed the appeal, directing the exclusion of CTR Manufacturing Industries Ltd. from the list of comparables and deleting the disallowance under Section 40(a)(i) of the Income Tax Act. The challenge to the initiation of penalty proceedings under Section 271(1)(c) was dismissed as premature. The order was pronounced on 19th January 2021. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306329