https://www.taxtmi.com/caselaws?id=211310 The Tribunal upheld the validity of the assessment order passed pursuant to the Dispute Resolution Panel's directions, dismissing the assessee's contentions. Regarding the determination of Arm's Length Price (ALP) for contract research and testing services, the Tribunal rejected the Transfer Pricing Officer's comparables, accepting those identified by the assessee. The Tribunal allowed mural expenses as revenue expenditure but remanded the issue of computer hardware expenses for further examination. Additionally, the Tribunal directed the reassessment of the claim for profit on the sale of cars. Overall, the Tribunal partly allowed the assessee's appeal by deleting the ALP adjustment and permitting certain expense claims. en-us Fri, 23 Dec 2011 00:00:00 +0530 Wed, 20 Apr 2016 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211310 The Tribunal upheld the validity of the assessment order passed pursuant to the Dispute Resolution Panel's directions, dismissing the assessee's contentions. Regarding the determination of Arm's Length Price (ALP) for contract research and testing services, the Tribunal rejected the Transfer Pricing Officer's comparables, accepting those identified by the assessee. The Tribunal allowed mural expenses as revenue expenditure but remanded the issue of computer hardware expenses for further examination. Additionally, the Tribunal directed the reassessment of the claim for profit on the sale of cars. Overall, the Tribunal partly allowed the assessee's appeal by deleting the ALP adjustment and permitting certain expense claims. Case-Laws Income Tax Fri, 23 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211310