https://www.taxtmi.com/caselaws?id=252945 The appeal was deemed timely after a correction in the communication date. Transfer pricing adjustments were confirmed for international transactions. Business development expenses were allowed as part of the operating statement. Provision for obsolete inventory required further substantiation. Sales return provision details needed clarification. Interest levy was upheld as mandatory. The Tribunal partly allowed the appeal, providing directions for reassessment by the Assessing Officer on specific issues. en-us Mon, 03 Nov 2014 00:00:00 +0530 Sat, 08 Nov 2014 06:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252945 The appeal was deemed timely after a correction in the communication date. Transfer pricing adjustments were confirmed for international transactions. Business development expenses were allowed as part of the operating statement. Provision for obsolete inventory required further substantiation. Sales return provision details needed clarification. Interest levy was upheld as mandatory. The Tribunal partly allowed the appeal, providing directions for reassessment by the Assessing Officer on specific issues. Case-Laws Income Tax Mon, 03 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252945