https://www.taxtmi.com/caselaws?id=184430 The Tribunal allowed the assessee's appeals, overturning disallowances and adjustments made by the AO/TPO based on legal precedents. Disallowance of sales promotion expenses was deleted as not applicable for the relevant assessment year. Bank interest on current accounts was excluded from deduction under Section 80HHC. Various incomes were analyzed, with only net interest to be excluded. E-connectivity charges were classified as revenue expenditure. The Tribunal rejected the CUP method for transfer pricing, upholding the segmental TNMM method. Revenue's appeals were dismissed, emphasizing adherence to legal precedents and thorough verification in transfer pricing. en-us Wed, 18 May 2016 00:00:00 +0530 Fri, 08 Jul 2016 12:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184430 The Tribunal allowed the assessee's appeals, overturning disallowances and adjustments made by the AO/TPO based on legal precedents. Disallowance of sales promotion expenses was deleted as not applicable for the relevant assessment year. Bank interest on current accounts was excluded from deduction under Section 80HHC. Various incomes were analyzed, with only net interest to be excluded. E-connectivity charges were classified as revenue expenditure. The Tribunal rejected the CUP method for transfer pricing, upholding the segmental TNMM method. Revenue's appeals were dismissed, emphasizing adherence to legal precedents and thorough verification in transfer pricing. Case-Laws Income Tax Wed, 18 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184430