https://www.taxtmi.com/caselaws?id=253326 The Tribunal ruled in favor of the assessee on various issues, including the segregation of CPD and SPD divisions, treatment of advertisement expenses, and allocation of unallocated expenses. It upheld the use of current year data for Arm's Length Price computation and directed the deletion of penalties under Section 271(1)(c) of the Income Tax Act, as there was no tax evasion basis after the additions were removed. The Tribunal's decision favored the assessee on most matters, leading to the deletion of penalties and dismissal of revenue's appeals. en-us Tue, 18 Nov 2014 00:00:00 +0530 Fri, 21 Nov 2014 12:13:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253326 The Tribunal ruled in favor of the assessee on various issues, including the segregation of CPD and SPD divisions, treatment of advertisement expenses, and allocation of unallocated expenses. It upheld the use of current year data for Arm's Length Price computation and directed the deletion of penalties under Section 271(1)(c) of the Income Tax Act, as there was no tax evasion basis after the additions were removed. The Tribunal's decision favored the assessee on most matters, leading to the deletion of penalties and dismissal of revenue's appeals. Case-Laws Income Tax Tue, 18 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253326