https://www.taxtmi.com/caselaws?id=247154 The Tribunal partly allowed the assessee's appeal, deleting disallowances related to administrative expenses, bad debts, interest expenses, proportionate interest, additional depreciation, royalty expenses, arm's length price addition, and penalty under Section 271(1)(c). The Tribunal directed the allowance of reduction for prior period adjustment and exclusion of certain provisions and expenses for book profit computation. The Tribunal dismissed the revenue's appeal on disallowances of accrued interest, provision for liquidated damages, and provision for warranty expenses. en-us Tue, 28 Jan 2014 00:00:00 +0530 Wed, 30 Apr 2014 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247154 The Tribunal partly allowed the assessee's appeal, deleting disallowances related to administrative expenses, bad debts, interest expenses, proportionate interest, additional depreciation, royalty expenses, arm's length price addition, and penalty under Section 271(1)(c). The Tribunal directed the allowance of reduction for prior period adjustment and exclusion of certain provisions and expenses for book profit computation. The Tribunal dismissed the revenue's appeal on disallowances of accrued interest, provision for liquidated damages, and provision for warranty expenses. Case-Laws Income Tax Tue, 28 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247154