https://www.taxtmi.com/highlights?id=87272 The ITAT allowed the assessee's appeal, directing the AO to reconsider multiple transfer pricing and tax-related adjustments. Key holdings include: (1) deletion of TP adjustments in SWD and test/measurement equipment segments, (2) accepting the assessee's profit level indicator methodology, (3) setting interest rate at LIBOR + 200 basis points, (4) directing reassessment of CSR expenditure under section 80G, (5) remanding long-term capital gain computation for fresh hearing, and (6) instructing verification of TDS credit from merged entity. The tribunal comprehensively upheld the assessee's contentions, providing procedural relief and mandating detailed reconsideration by lower authorities. en-us Wed, 09 Apr 2025 07:42:31 +0530 Wed, 09 Apr 2025 07:42:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87272 The ITAT allowed the assessee's appeal, directing the AO to reconsider multiple transfer pricing and tax-related adjustments. Key holdings include: (1) deletion of TP adjustments in SWD and test/measurement equipment segments, (2) accepting the assessee's profit level indicator methodology, (3) setting interest rate at LIBOR + 200 basis points, (4) directing reassessment of CSR expenditure under section 80G, (5) remanding long-term capital gain computation for fresh hearing, and (6) instructing verification of TDS credit from merged entity. The tribunal comprehensively upheld the assessee's contentions, providing procedural relief and mandating detailed reconsideration by lower authorities. Highlights Income Tax Wed, 09 Apr 2025 07:42:31 +0530 https://www.taxtmi.com/highlights?id=87272