https://www.taxtmi.com/caselaws?id=444431 The Tribunal partially allowed the appeal, directing the Assessing Officer to verify and rectify errors related to the unwarranted additions under the head "Income from Business and Profession" and the levy of interest under Section 234B. The Transfer Pricing Adjustment for Specified Domestic Transactions was also addressed, with the Tribunal ruling in favor of the assessee based on the market value of electricity purchased from Gujarat Electricity Board, leading to the deletion of the addition made by the Dispute Resolution Panel. en-us Tue, 10 Oct 2023 00:00:00 +0530 Sat, 14 Oct 2023 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444431 The Tribunal partially allowed the appeal, directing the Assessing Officer to verify and rectify errors related to the unwarranted additions under the head "Income from Business and Profession" and the levy of interest under Section 234B. The Transfer Pricing Adjustment for Specified Domestic Transactions was also addressed, with the Tribunal ruling in favor of the assessee based on the market value of electricity purchased from Gujarat Electricity Board, leading to the deletion of the addition made by the Dispute Resolution Panel. Case-Laws Income Tax Tue, 10 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444431