https://www.taxtmi.com/caselaws?id=244300 The Tribunal directed the Assessing Officer to verify the pricing methodology for management fees paid to Associated Enterprises, emphasizing the TPO's role in determining Arm's Length Price. The Tribunal allowed depreciation for photosets claimed as revenue expenditure, disallowing penalties under section 271(1)(c) for management fees disallowance. The Tribunal upheld the deduction under section 80HHE for export services and restored the issue of disallowance under section 43B for service tax credit notes to the AO for verification. Overall, the appeals were partly allowed, penalties canceled, and specific directions given for further examination. en-us Wed, 22 Jan 2014 00:00:00 +0530 Fri, 20 Mar 2015 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244300 The Tribunal directed the Assessing Officer to verify the pricing methodology for management fees paid to Associated Enterprises, emphasizing the TPO's role in determining Arm's Length Price. The Tribunal allowed depreciation for photosets claimed as revenue expenditure, disallowing penalties under section 271(1)(c) for management fees disallowance. The Tribunal upheld the deduction under section 80HHE for export services and restored the issue of disallowance under section 43B for service tax credit notes to the AO for verification. Overall, the appeals were partly allowed, penalties canceled, and specific directions given for further examination. Case-Laws Income Tax Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244300