https://www.taxtmi.com/caselaws?id=236377 The ITAT dismissed the department's appeals for Assessment Years 2004-05 and 2005-06, upholding the CIT (A)'s decisions. The additions to book profit for retirement benefits were considered definite liabilities, TPO adjustments for international transactions were deemed unjustified, and foreign tour expenses of the director were recognized as business-related. The ITAT affirmed the CIT (A)'s findings on all contested grounds. en-us Fri, 12 Jul 2013 00:00:00 +0530 Tue, 11 Aug 2026 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236377 The ITAT dismissed the department's appeals for Assessment Years 2004-05 and 2005-06, upholding the CIT (A)'s decisions. The additions to book profit for retirement benefits were considered definite liabilities, TPO adjustments for international transactions were deemed unjustified, and foreign tour expenses of the director were recognized as business-related. The ITAT affirmed the CIT (A)'s findings on all contested grounds. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236377