https://www.taxtmi.com/caselaws?id=254462 The tribunal ruled in favor of the assessee regarding the addition on account of alleged difference in sales, disallowance of foreseeable losses, and disallowance of prior period expenses. However, the tribunal upheld the disallowance of amortization of cost of specific equipment, disallowance of salary, and disallowance under Section 40(a)(ia) of the Income Tax Act. Additionally, the tribunal set aside the adjustments made to the arm's length price in relation to international transactions by the Transfer Pricing Officer, directing the Assessing Officer to treat the transactions at arm's length price. en-us Fri, 26 Sep 2014 00:00:00 +0530 Mon, 22 Dec 2014 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254462 The tribunal ruled in favor of the assessee regarding the addition on account of alleged difference in sales, disallowance of foreseeable losses, and disallowance of prior period expenses. However, the tribunal upheld the disallowance of amortization of cost of specific equipment, disallowance of salary, and disallowance under Section 40(a)(ia) of the Income Tax Act. Additionally, the tribunal set aside the adjustments made to the arm's length price in relation to international transactions by the Transfer Pricing Officer, directing the Assessing Officer to treat the transactions at arm's length price. Case-Laws Income Tax Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254462