https://www.taxtmi.com/caselaws?id=461166 The Bombay HC dismissed the appeal, affirming the Tribunal's decisions on all issues. It held that the Tribunal was justified in benchmarking only the AE transactions and including M/s. Tirumalai Chemicals Ltd. as a comparable entity. The Court found the Tribunal's decision to treat provisions written back as operational income consistent with past rulings. None of the questions raised substantial questions of law, as they were previously settled in similar cases. The Tribunal's discretion in interpreting facts and applying a uniform approach was upheld. en-us Wed, 06 Jun 2018 00:00:00 +0530 Tue, 18 Mar 2025 19:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461166 The Bombay HC dismissed the appeal, affirming the Tribunal's decisions on all issues. It held that the Tribunal was justified in benchmarking only the AE transactions and including M/s. Tirumalai Chemicals Ltd. as a comparable entity. The Court found the Tribunal's decision to treat provisions written back as operational income consistent with past rulings. None of the questions raised substantial questions of law, as they were previously settled in similar cases. The Tribunal's discretion in interpreting facts and applying a uniform approach was upheld. Case-Laws Income Tax Wed, 06 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461166