https://www.taxtmi.com/caselaws?id=306513 The appeal was partly allowed for statistical purposes, with the issues of the arm's length price adjustment for royalty payments and the treatment of industrial promotion subsidy restored to the Assessing Officer for fresh adjudication. The initiation of penalty proceedings under Section 271(1)(c) was dismissed. en-us Thu, 11 Mar 2021 00:00:00 +0530 Sat, 04 Feb 2023 22:32:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306513 The appeal was partly allowed for statistical purposes, with the issues of the arm's length price adjustment for royalty payments and the treatment of industrial promotion subsidy restored to the Assessing Officer for fresh adjudication. The initiation of penalty proceedings under Section 271(1)(c) was dismissed. Case-Laws Income Tax Thu, 11 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306513