https://www.taxtmi.com/caselaws?id=331431 The High Court of Gujarat considered three issues in a tax appeal. Firstly, it admitted the appeal to determine if the Tribunal was justified in reversing the Assessing Officer's view on the allocation of selling and distribution expenses for deduction under section 80IB. Secondly, the Court did not consider the disallowance of amalgamation expenses as no legal issue arose. Lastly, the Court upheld the Tribunal's decision to delete the transfer pricing adjustment, emphasizing the factual basis and lack of comparable cases presented by the Revenue authorities. The judgment provided detailed analysis and reasoning for each issue based on applicable laws and precedents. en-us Tue, 09 Aug 2016 00:00:00 +0530 Tue, 23 Aug 2016 14:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331431 The High Court of Gujarat considered three issues in a tax appeal. Firstly, it admitted the appeal to determine if the Tribunal was justified in reversing the Assessing Officer's view on the allocation of selling and distribution expenses for deduction under section 80IB. Secondly, the Court did not consider the disallowance of amalgamation expenses as no legal issue arose. Lastly, the Court upheld the Tribunal's decision to delete the transfer pricing adjustment, emphasizing the factual basis and lack of comparable cases presented by the Revenue authorities. The judgment provided detailed analysis and reasoning for each issue based on applicable laws and precedents. Case-Laws Income Tax Tue, 09 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331431