https://www.taxtmi.com/caselaws?id=184332 Transfer pricing on royalty payments cannot be benchmarked at nil by ignoring a genuine long-standing technical collaboration and the actual technical assistance received. A provision for retirement benefits, supported by actual valuation, was treated as an ascertained liability for book profit computation under section 115JB. Foreign travel expenses of a director, where the visits were found to be for business purposes, did not warrant disallowance. A scientifically computed warranty provision based on past experience was allowable, and depreciation on computer peripherals at 60% was supported by binding precedent. en-us Wed, 28 Oct 2015 00:00:00 +0530 Wed, 06 Jul 2016 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184332 Transfer pricing on royalty payments cannot be benchmarked at nil by ignoring a genuine long-standing technical collaboration and the actual technical assistance received. A provision for retirement benefits, supported by actual valuation, was treated as an ascertained liability for book profit computation under section 115JB. Foreign travel expenses of a director, where the visits were found to be for business purposes, did not warrant disallowance. A scientifically computed warranty provision based on past experience was allowable, and depreciation on computer peripherals at 60% was supported by binding precedent. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184332