https://www.taxtmi.com/caselaws?id=342738 The Tribunal upheld the assessee's entitlement to a deduction under Section 10B of the Income Tax Act for A.Y. 2009-10, allowing the write-off of trade advances as a business loss and rejecting the Transfer Pricing adjustment related to the sale of raw materials. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions in favor of the assessee. The order was pronounced on 02-05-2017. en-us Tue, 02 May 2017 00:00:00 +0530 Tue, 09 May 2017 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342738 The Tribunal upheld the assessee's entitlement to a deduction under Section 10B of the Income Tax Act for A.Y. 2009-10, allowing the write-off of trade advances as a business loss and rejecting the Transfer Pricing adjustment related to the sale of raw materials. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions in favor of the assessee. The order was pronounced on 02-05-2017. Case-Laws Income Tax Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342738