https://www.taxtmi.com/caselaws?id=328199 The Tribunal partly allowed the appeal, directing the Assessing Officer to re-examine certain disallowances and adjustments. It emphasized restricting transfer pricing adjustments to transactions with associated enterprises only, not the entire revenue. The Tribunal reduced disallowances on travelling and communication expenses, instructed the AO to allow depreciation on capitalized software and licensing expenses, and dismissed the non-allowance of set-off for brought forward business loss and unabsorbed depreciation. en-us Mon, 07 Mar 2016 00:00:00 +0530 Sat, 28 May 2016 09:15:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328199 The Tribunal partly allowed the appeal, directing the Assessing Officer to re-examine certain disallowances and adjustments. It emphasized restricting transfer pricing adjustments to transactions with associated enterprises only, not the entire revenue. The Tribunal reduced disallowances on travelling and communication expenses, instructed the AO to allow depreciation on capitalized software and licensing expenses, and dismissed the non-allowance of set-off for brought forward business loss and unabsorbed depreciation. Case-Laws Income Tax Mon, 07 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328199