https://www.taxtmi.com/caselaws?id=250886 The Tribunal upheld the validity of the assessment order under sections 143(3) and 144C of the Income Tax Act. Regarding Transfer Pricing adjustments for AMP expenses, the Tribunal affirmed the TPO's jurisdiction but directed a reassessment excluding certain expenses. The disallowance of provision for warranty was overturned based on previous Tribunal and High Court decisions. The disallowance of advertisement charges was reversed, allowing the full expenditure. Advance service charges were recognized as income as per previous year's decision. Penalty proceedings initiation was deemed irrelevant. The Tribunal partially allowed the appeals, instructing a re-examination of specific issues in line with previous rulings. en-us Thu, 31 Jul 2014 00:00:00 +0530 Thu, 28 Aug 2014 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250886 The Tribunal upheld the validity of the assessment order under sections 143(3) and 144C of the Income Tax Act. Regarding Transfer Pricing adjustments for AMP expenses, the Tribunal affirmed the TPO's jurisdiction but directed a reassessment excluding certain expenses. The disallowance of provision for warranty was overturned based on previous Tribunal and High Court decisions. The disallowance of advertisement charges was reversed, allowing the full expenditure. Advance service charges were recognized as income as per previous year's decision. Penalty proceedings initiation was deemed irrelevant. The Tribunal partially allowed the appeals, instructing a re-examination of specific issues in line with previous rulings. Case-Laws Income Tax Thu, 31 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250886