https://www.taxtmi.com/caselaws?id=247953 The Tribunal partly allowed the appeal, remanding specific issues back to the DRP and AO for fresh adjudication. The Tribunal found in favor of the assessee regarding transfer pricing adjustments on guarantee charges and the disallowance of notional interest on interest-free loans. However, the treatment of professional fees and corporate advertisement expenditure as capital expenditure was upheld, with directions for depreciation allowance. The disallowance of gift expenses, addition under Section 14A, treatment of refund receivable, and long-term capital loss were remanded for fresh adjudication. The issue of non-grant of depreciation on software and revamping expenditure was dismissed as "not pressed." en-us Tue, 29 Oct 2013 00:00:00 +0530 Wed, 28 May 2014 08:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247953 The Tribunal partly allowed the appeal, remanding specific issues back to the DRP and AO for fresh adjudication. The Tribunal found in favor of the assessee regarding transfer pricing adjustments on guarantee charges and the disallowance of notional interest on interest-free loans. However, the treatment of professional fees and corporate advertisement expenditure as capital expenditure was upheld, with directions for depreciation allowance. The disallowance of gift expenses, addition under Section 14A, treatment of refund receivable, and long-term capital loss were remanded for fresh adjudication. The issue of non-grant of depreciation on software and revamping expenditure was dismissed as "not pressed." Case-Laws Income Tax Tue, 29 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247953