https://www.taxtmi.com/caselaws?id=343855 The Tribunal allowed the appeal for statistical purposes, restoring the issue of Arm's Length Price (ALP) determination for second line support services to the Transfer Pricing Officer (TPO)/Assessing Officer (AO) for redetermination. The Tribunal ruled in favor of the assessee on the validity of assessment order, ad-hoc disallowance of advertisement and business promotion expenses, addition of provision for leave encashment and gratuity while computing book profits. The Tribunal found the computation of interest under sections 234B and 234D to be consequential and did not require separate adjudication. en-us Mon, 29 May 2017 00:00:00 +0530 Sat, 03 Jun 2017 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343855 The Tribunal allowed the appeal for statistical purposes, restoring the issue of Arm's Length Price (ALP) determination for second line support services to the Transfer Pricing Officer (TPO)/Assessing Officer (AO) for redetermination. The Tribunal ruled in favor of the assessee on the validity of assessment order, ad-hoc disallowance of advertisement and business promotion expenses, addition of provision for leave encashment and gratuity while computing book profits. The Tribunal found the computation of interest under sections 234B and 234D to be consequential and did not require separate adjudication. Case-Laws Income Tax Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343855