https://www.taxtmi.com/caselaws?id=327733 The Tribunal partially allowed the appeal, directing the re-determination of the Arm's Length Price (ALP) under the Cost Plus Method (CPM) for transfer pricing issues. It instructed the AO/TPO to ensure comparables are contract manufacturers with minimal risks. Additionally, the Tribunal upheld the capital nature of fixed asset write-offs but allowed adding the amount to the purchase price for depreciation. It approved the provision for obsolete goods but disallowed provisions for doubtful debts and advances due to non-compliance and lack of evidence. The Tribunal deleted the disallowance of 10% capital expenditure on advertisement expenses but remanded the brand building disallowance for further examination by the AO. en-us Thu, 21 Apr 2016 00:00:00 +0530 Wed, 18 May 2016 08:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327733 The Tribunal partially allowed the appeal, directing the re-determination of the Arm's Length Price (ALP) under the Cost Plus Method (CPM) for transfer pricing issues. It instructed the AO/TPO to ensure comparables are contract manufacturers with minimal risks. Additionally, the Tribunal upheld the capital nature of fixed asset write-offs but allowed adding the amount to the purchase price for depreciation. It approved the provision for obsolete goods but disallowed provisions for doubtful debts and advances due to non-compliance and lack of evidence. The Tribunal deleted the disallowance of 10% capital expenditure on advertisement expenses but remanded the brand building disallowance for further examination by the AO. Case-Laws Income Tax Thu, 21 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327733