https://www.taxtmi.com/caselaws?id=173220 The High Court ruled in favor of the respondent-assessee on multiple tax-related issues, including allowing provision for warranty expenses, deleting foreign exchange fluctuation loss, clarifying the applicability of Section 234D from AY 2004-05, and upholding the deduction of advertisement and sales promotion expenses. The Court also dismissed the appeal regarding the disallowance of 10% of such expenses and upheld the inclusion of foreign exchange gain in profits eligible for deduction under sections 10A/10B. Transfer pricing adjustments were deferred for further examination. The judgment provided detailed analysis and referenced legal precedents to support the decisions. en-us Wed, 22 Feb 2012 00:00:00 +0530 Tue, 29 Aug 2017 09:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173220 The High Court ruled in favor of the respondent-assessee on multiple tax-related issues, including allowing provision for warranty expenses, deleting foreign exchange fluctuation loss, clarifying the applicability of Section 234D from AY 2004-05, and upholding the deduction of advertisement and sales promotion expenses. The Court also dismissed the appeal regarding the disallowance of 10% of such expenses and upheld the inclusion of foreign exchange gain in profits eligible for deduction under sections 10A/10B. Transfer pricing adjustments were deferred for further examination. The judgment provided detailed analysis and referenced legal precedents to support the decisions. Case-Laws Income Tax Wed, 22 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173220