https://www.taxtmi.com/caselaws?id=443588 The appeal was partly allowed by the Tribunal. It directed the exclusion of certain comparables and the inclusion of Quadrant Communication Limited for benchmarking international transactions. The Tribunal ordered the deletion of the Rs. 2 crores Transfer Pricing Adjustment for marketing service fees and allowed the deduction for foreign exchange loss. The challenge to the initiation of penalty proceedings under section 271(1)(c) was dismissed as premature. en-us Tue, 23 May 2023 00:00:00 +0530 Wed, 18 Dec 2024 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443588 The appeal was partly allowed by the Tribunal. It directed the exclusion of certain comparables and the inclusion of Quadrant Communication Limited for benchmarking international transactions. The Tribunal ordered the deletion of the Rs. 2 crores Transfer Pricing Adjustment for marketing service fees and allowed the deduction for foreign exchange loss. The challenge to the initiation of penalty proceedings under section 271(1)(c) was dismissed as premature. Case-Laws Income Tax Tue, 23 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443588