https://www.taxtmi.com/caselaws?id=235222 The ITAT partly allowed the appeals, directing the AO/TPO to re-evaluate Transfer Pricing (T.P.) adjustments excluding certain elements, following LG Electronics India Ltd. vs. ACIT guidelines. The ITAT upheld provision for warranty based on past trends, recognized unutilized subsidy as not income, allowed club expenses for commercial expediency, approved higher depreciation on computer peripherals at 60%, and permitted foreign tax credit based on a higher profit margin. en-us Fri, 03 May 2013 00:00:00 +0530 Sat, 02 Nov 2013 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235222 The ITAT partly allowed the appeals, directing the AO/TPO to re-evaluate Transfer Pricing (T.P.) adjustments excluding certain elements, following LG Electronics India Ltd. vs. ACIT guidelines. The ITAT upheld provision for warranty based on past trends, recognized unutilized subsidy as not income, allowed club expenses for commercial expediency, approved higher depreciation on computer peripherals at 60%, and permitted foreign tax credit based on a higher profit margin. Case-Laws Income Tax Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235222