https://www.taxtmi.com/caselaws?id=441736 The Deputy Commissioner of Income-tax determined the total taxable income at Rs. 7,04,44,370, deviating from the Appellant's reported amount of Rs. 1,14,98,477 under Section 115JB of the Act. The Tribunal upheld the Transfer Pricing Officer's reference under Section 92CA(1) and the adjustments made to the Appellant's income. Various decisions regarding transfer pricing methodologies, recharacterization of income, selection of comparable companies, and other issues were upheld by the Tribunal. However, the Tribunal found the TPO and assessment orders to be time-barred by one day, leading to the appeal being allowed on this ground. en-us Fri, 12 May 2023 00:00:00 +0530 Fri, 11 Aug 2023 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441736 The Deputy Commissioner of Income-tax determined the total taxable income at Rs. 7,04,44,370, deviating from the Appellant's reported amount of Rs. 1,14,98,477 under Section 115JB of the Act. The Tribunal upheld the Transfer Pricing Officer's reference under Section 92CA(1) and the adjustments made to the Appellant's income. Various decisions regarding transfer pricing methodologies, recharacterization of income, selection of comparable companies, and other issues were upheld by the Tribunal. However, the Tribunal found the TPO and assessment orders to be time-barred by one day, leading to the appeal being allowed on this ground. Case-Laws Income Tax Fri, 12 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441736