https://www.taxtmi.com/caselaws?id=342176 The case involved transfer pricing adjustments, corporate tax adjustments, adjustments to book profit under section 115JB, and denial of deduction under section 80IC. The resolution included a mutual agreement procedure for transfer pricing, relief granted in subsequent years for corporate tax adjustments, acceptance of scientific basis for warranty provision, granting deduction for scrap sales and revenue generated through scrap sale under section 80IC, and directions to the AO to recompute income and tax payable in accordance with the Tribunal's findings. The appeals were partly allowed with specific directions for fair and transparent computation of income and tax payable. en-us Wed, 26 Apr 2017 00:00:00 +0530 Tue, 26 Sep 2017 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342176 The case involved transfer pricing adjustments, corporate tax adjustments, adjustments to book profit under section 115JB, and denial of deduction under section 80IC. The resolution included a mutual agreement procedure for transfer pricing, relief granted in subsequent years for corporate tax adjustments, acceptance of scientific basis for warranty provision, granting deduction for scrap sales and revenue generated through scrap sale under section 80IC, and directions to the AO to recompute income and tax payable in accordance with the Tribunal's findings. The appeals were partly allowed with specific directions for fair and transparent computation of income and tax payable. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342176