https://www.taxtmi.com/caselaws?id=270340 The appeal of the assessee was partly allowed, with adjustments made on provisions for gratuity and leave encashment while computing book profits under Section 115JB. The Transfer Pricing Officer's adjustment to the value of international transactions was also reversed. Allowance of depreciation without reducing it for certain assessment years was upheld. Expenditure under Section 37(1) was deemed allowable. Additionally, the addition of 1/10th of preliminary expenses under Section 35D and disallowance of advertisement expenses related to glow signs and neon signs were both reversed. The department's appeal was dismissed. en-us Tue, 22 Dec 2015 00:00:00 +0530 Sat, 02 Jan 2016 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270340 The appeal of the assessee was partly allowed, with adjustments made on provisions for gratuity and leave encashment while computing book profits under Section 115JB. The Transfer Pricing Officer's adjustment to the value of international transactions was also reversed. Allowance of depreciation without reducing it for certain assessment years was upheld. Expenditure under Section 37(1) was deemed allowable. Additionally, the addition of 1/10th of preliminary expenses under Section 35D and disallowance of advertisement expenses related to glow signs and neon signs were both reversed. The department's appeal was dismissed. Case-Laws Income Tax Tue, 22 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270340