https://www.taxtmi.com/caselaws?id=777135 HC held the transfer-pricing adjustment was impermissibly applied to the petitioner's entire turnover/operating costs rather than being confined to international/AE transactions, contrary to settled law. The petition was disposed without deciding merits pending the statutory appeal: petitioner may press all grounds before the CIT(A), who is directed to decide the appeal expeditiously and preferably within 12 months. Revenue is restrained from recovering taxes and interest attributable to the excess TP adjustment of Rs.11,55,90,71,049 (or correctly computed figure) until disposal of the appeal and for four weeks thereafter; related proceedings are stayed as ordered. en-us Tue, 19 Aug 2025 00:00:00 +0530 Mon, 25 Aug 2025 08:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777135 HC held the transfer-pricing adjustment was impermissibly applied to the petitioner's entire turnover/operating costs rather than being confined to international/AE transactions, contrary to settled law. The petition was disposed without deciding merits pending the statutory appeal: petitioner may press all grounds before the CIT(A), who is directed to decide the appeal expeditiously and preferably within 12 months. Revenue is restrained from recovering taxes and interest attributable to the excess TP adjustment of Rs.11,55,90,71,049 (or correctly computed figure) until disposal of the appeal and for four weeks thereafter; related proceedings are stayed as ordered. Case-Laws Income Tax Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777135