https://www.taxtmi.com/caselaws?id=440624 The Tribunal partly allowed the appeal, directing fresh adjudication on the inclusion of Universal Print Systems Limited (UPS) and BNR Udyog Ltd. as comparables for Transfer Pricing purposes. It also instructed verification of the short credit of taxes paid and the consequential levy of interest under Section 234A. UPS may be excluded if adjustments cannot be accurately made, considering functional dissimilarities, while BNR Udyog Ltd. should be excluded if it fails the functionality test due to differences in services provided compared to the assessee. en-us Thu, 25 May 2023 00:00:00 +0530 Thu, 20 Jul 2023 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440624 The Tribunal partly allowed the appeal, directing fresh adjudication on the inclusion of Universal Print Systems Limited (UPS) and BNR Udyog Ltd. as comparables for Transfer Pricing purposes. It also instructed verification of the short credit of taxes paid and the consequential levy of interest under Section 234A. UPS may be excluded if adjustments cannot be accurately made, considering functional dissimilarities, while BNR Udyog Ltd. should be excluded if it fails the functionality test due to differences in services provided compared to the assessee. Case-Laws Income Tax Thu, 25 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440624