https://www.taxtmi.com/caselaws?id=248565 The Tribunal allowed the appeal, ruling in favor of the appellant by deleting the Transfer Pricing (TP) adjustment and disallowances made by the Assessing Officer (AO). The appellant succeeded in challenging the discrepancies in the assessed loss, addition due to differences in arm's length price, disallowance of scholarship expenses, and depreciation on projectors. The judgment highlighted the significance of using appropriate comparables and excluding non-advertisement expenses in TP adjustments. en-us Thu, 29 May 2014 00:00:00 +0530 Mon, 16 Jun 2014 22:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248565 The Tribunal allowed the appeal, ruling in favor of the appellant by deleting the Transfer Pricing (TP) adjustment and disallowances made by the Assessing Officer (AO). The appellant succeeded in challenging the discrepancies in the assessed loss, addition due to differences in arm's length price, disallowance of scholarship expenses, and depreciation on projectors. The judgment highlighted the significance of using appropriate comparables and excluding non-advertisement expenses in TP adjustments. Case-Laws Income Tax Thu, 29 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248565