https://www.taxtmi.com/caselaws?id=436005 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. It directed re-examination and re-computation on several issues, including transfer pricing adjustments and working capital adjustments, ensuring compliance with previous judicial decisions. The Tribunal upheld the DRP's directions on Section 14A disallowance and forex gain/loss treatment. Issues regarding interest levy under Sections 234A, 234B, and 234C, and penalty proceedings under Section 271(1)(c) were not significant points of contention. The Tribunal emphasized providing adequate opportunities for the assessee during the re-evaluation process. en-us Fri, 24 Mar 2023 00:00:00 +0530 Tue, 02 Jan 2024 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436005 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. It directed re-examination and re-computation on several issues, including transfer pricing adjustments and working capital adjustments, ensuring compliance with previous judicial decisions. The Tribunal upheld the DRP's directions on Section 14A disallowance and forex gain/loss treatment. Issues regarding interest levy under Sections 234A, 234B, and 234C, and penalty proceedings under Section 271(1)(c) were not significant points of contention. The Tribunal emphasized providing adequate opportunities for the assessee during the re-evaluation process. Case-Laws Income Tax Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436005