https://www.taxtmi.com/caselaws?id=216055 The Tribunal remanded the transfer pricing adjustment issue back to the AO/DRP for fresh adjudication with specific directives. It restored the bonus payment and severance cost disallowances to the AO for verification and fresh decision. The Tribunal allowed the staff welfare expenses and directed the AO to delete disallowances under Section 40(a)(ia) for non-claimed expenses and to allow higher depreciation on computer peripherals. The AO was also instructed to consider the adjustment of disallowed expenses from operating costs during ALP computation. The appeal was partly allowed in line with these directions. en-us Fri, 18 Mar 2011 00:00:00 +0530 Tue, 28 Aug 2012 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216055 The Tribunal remanded the transfer pricing adjustment issue back to the AO/DRP for fresh adjudication with specific directives. It restored the bonus payment and severance cost disallowances to the AO for verification and fresh decision. The Tribunal allowed the staff welfare expenses and directed the AO to delete disallowances under Section 40(a)(ia) for non-claimed expenses and to allow higher depreciation on computer peripherals. The AO was also instructed to consider the adjustment of disallowed expenses from operating costs during ALP computation. The appeal was partly allowed in line with these directions. Case-Laws Income Tax Fri, 18 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216055