https://www.taxtmi.com/caselaws?id=309968 The Tribunal partly allowed the appeal, remanding various transfer pricing adjustments and disallowances back to the AO/TPO for fresh consideration. The Tribunal emphasized the need for proper benchmarking and examination of services rendered in transfer pricing adjustments. Additionally, the Tribunal directed the AO to reevaluate the disallowances under sections 14A, 40(a)(i)/40(a)(ia), and 43B, ensuring correct computation. The Tribunal also ruled against the taxation of notional profit from amalgamation and instructed the AO to verify and allow MAT and TDS credits during income recomputation. en-us Wed, 01 Jun 2022 00:00:00 +0530 Thu, 28 Sep 2023 21:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309968 The Tribunal partly allowed the appeal, remanding various transfer pricing adjustments and disallowances back to the AO/TPO for fresh consideration. The Tribunal emphasized the need for proper benchmarking and examination of services rendered in transfer pricing adjustments. Additionally, the Tribunal directed the AO to reevaluate the disallowances under sections 14A, 40(a)(i)/40(a)(ia), and 43B, ensuring correct computation. The Tribunal also ruled against the taxation of notional profit from amalgamation and instructed the AO to verify and allow MAT and TDS credits during income recomputation. Case-Laws Income Tax Wed, 01 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309968