https://www.taxtmi.com/caselaws?id=441608 The appeal involved various issues such as transfer pricing adjustments, determination of arm's length price, computation of notional interest on delayed receivables, recharacterization of Compulsorily Convertible Debentures (CCDs), relief for foreign taxes, erroneous levy of interest, TDS credit, advance tax credit, credit for refunds adjusted, and computation of interest under sections 234B and 234C. The Tribunal remanded most issues back to the tax authorities for reconsideration, while providing specific directions on certain matters. Penalty proceedings for under-reporting of income were also initiated by the tax authority, with no specific direction given by the Tribunal on this issue. en-us Thu, 22 Jun 2023 00:00:00 +0530 Fri, 11 Aug 2023 13:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441608 The appeal involved various issues such as transfer pricing adjustments, determination of arm's length price, computation of notional interest on delayed receivables, recharacterization of Compulsorily Convertible Debentures (CCDs), relief for foreign taxes, erroneous levy of interest, TDS credit, advance tax credit, credit for refunds adjusted, and computation of interest under sections 234B and 234C. The Tribunal remanded most issues back to the tax authorities for reconsideration, while providing specific directions on certain matters. Penalty proceedings for under-reporting of income were also initiated by the tax authority, with no specific direction given by the Tribunal on this issue. Case-Laws Income Tax Thu, 22 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441608