https://www.taxtmi.com/caselaws?id=178797 The Tribunal partially allowed the appeals for the assessment years 2006-07 and 2008-09. It directed the Transfer Pricing Officer to limit the transfer pricing adjustment for export sales to Associated Enterprises (AEs) to transactions with AEs only, falling within the safe harbor limit. Notional interest adjustment on outstanding AE debtors was to be deleted if credit terms were equivalent. Labor charges disallowance was remanded for benchmarking against third-party data. Additional depreciation on plant and machinery was disallowed in line with Supreme Court precedent. The discrepancy in closing stock valuation was remanded for verification, and residential telephone expenses disallowance was reduced. en-us Fri, 22 Nov 2013 00:00:00 +0530 Wed, 24 May 2017 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178797 The Tribunal partially allowed the appeals for the assessment years 2006-07 and 2008-09. It directed the Transfer Pricing Officer to limit the transfer pricing adjustment for export sales to Associated Enterprises (AEs) to transactions with AEs only, falling within the safe harbor limit. Notional interest adjustment on outstanding AE debtors was to be deleted if credit terms were equivalent. Labor charges disallowance was remanded for benchmarking against third-party data. Additional depreciation on plant and machinery was disallowed in line with Supreme Court precedent. The discrepancy in closing stock valuation was remanded for verification, and residential telephone expenses disallowance was reduced. Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178797