https://www.taxtmi.com/caselaws?id=341492 The Tribunal partly allowed or dismissed the appeals based on detailed analysis. The Tribunal deleted the ALP adjustments on interest on loans to AEs and corporate guarantee charges but remitted the matter of liaison services back to the DRP. The issue of disallowance under section 40(a)(i) was remitted for fresh adjudication. The Tribunal directed reconsideration of disallowance under section 14A. Deduction under section 80IC was allowed. Product registration expenses were treated as revenue, as were trademark registration and patent fees. Weighted deduction under section 35(2AB) was allowed. Depreciation on a vehicle registered in the director's name was permitted. The addition to book profit under section 115JB was deleted. en-us Fri, 03 Mar 2017 00:00:00 +0530 Tue, 11 Apr 2017 07:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341492 The Tribunal partly allowed or dismissed the appeals based on detailed analysis. The Tribunal deleted the ALP adjustments on interest on loans to AEs and corporate guarantee charges but remitted the matter of liaison services back to the DRP. The issue of disallowance under section 40(a)(i) was remitted for fresh adjudication. The Tribunal directed reconsideration of disallowance under section 14A. Deduction under section 80IC was allowed. Product registration expenses were treated as revenue, as were trademark registration and patent fees. Weighted deduction under section 35(2AB) was allowed. Depreciation on a vehicle registered in the director's name was permitted. The addition to book profit under section 115JB was deleted. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341492