https://www.taxtmi.com/caselaws?id=444028 The Tribunal partially allowed the appeal, directing the AO/TPO to reconsider certain comparables and adjustments in light of its findings. The Transfer Pricing adjustment for Marketing and Sales Support Services was reduced to Rs. 40,65,217/-, interest on delayed receivables was remanded for fresh consideration using LIBOR rates, and certain companies were excluded from the list of comparables due to functional dissimilarities. The Tribunal dismissed the Assessee's grounds on working capital and risk adjustments and penalty proceedings. en-us Thu, 08 Jun 2023 00:00:00 +0530 Sat, 07 Oct 2023 08:31:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444028 The Tribunal partially allowed the appeal, directing the AO/TPO to reconsider certain comparables and adjustments in light of its findings. The Transfer Pricing adjustment for Marketing and Sales Support Services was reduced to Rs. 40,65,217/-, interest on delayed receivables was remanded for fresh consideration using LIBOR rates, and certain companies were excluded from the list of comparables due to functional dissimilarities. The Tribunal dismissed the Assessee's grounds on working capital and risk adjustments and penalty proceedings. Case-Laws Income Tax Thu, 08 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444028