https://www.taxtmi.com/caselaws?id=121773 Section 14A disallowance was remitted for fresh examination in light of the Special Bench view and the Tribunal's earlier order in the assessee's case. On transfer pricing for bare boat charter hire, the CUP comparables were found insufficient for a 22-year-old vessel, but the cost plus approach was accepted to the extent that arm's length price must be based on direct and indirect costs plus a normal gross profit mark-up, not by reducing the cost base as dividend. The revenue's objections to depreciation, hire charges, foreign exchange fluctuation depreciation, lease rental, section 33AC deduction, and non-convertible debenture expenditure were rejected, and the first appellate relief was sustained. en-us Fri, 21 Nov 2008 00:00:00 +0530 Mon, 06 Aug 2012 12:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121773 Section 14A disallowance was remitted for fresh examination in light of the Special Bench view and the Tribunal's earlier order in the assessee's case. On transfer pricing for bare boat charter hire, the CUP comparables were found insufficient for a 22-year-old vessel, but the cost plus approach was accepted to the extent that arm's length price must be based on direct and indirect costs plus a normal gross profit mark-up, not by reducing the cost base as dividend. The revenue's objections to depreciation, hire charges, foreign exchange fluctuation depreciation, lease rental, section 33AC deduction, and non-convertible debenture expenditure were rejected, and the first appellate relief was sustained. Case-Laws Income Tax Fri, 21 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121773