https://www.taxtmi.com/caselaws?id=435912 The appeal filed by the assessee was partly allowed. The Tribunal remanded several transfer pricing adjustment issues back to the AO/TPO for fresh consideration and verification, providing specific directions for each issue. The Tribunal directed adjustments on interest received from subsidiary, corporate guarantee, royalty, and software development services to be reconsidered. Additionally, the Tribunal instructed the AO to restrict the disallowance under Section 14A only to the extent of investments yielding exempt income during the year. en-us Wed, 30 Nov 2022 00:00:00 +0530 Wed, 29 Mar 2023 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435912 The appeal filed by the assessee was partly allowed. The Tribunal remanded several transfer pricing adjustment issues back to the AO/TPO for fresh consideration and verification, providing specific directions for each issue. The Tribunal directed adjustments on interest received from subsidiary, corporate guarantee, royalty, and software development services to be reconsidered. Additionally, the Tribunal instructed the AO to restrict the disallowance under Section 14A only to the extent of investments yielding exempt income during the year. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435912