https://www.taxtmi.com/caselaws?id=347970 The tribunal partly allowed the assessee's appeals, dismissing the Revenue's appeal. The Assessing Officer was directed to re-compute certain claims and delete specific disallowances based on judicial precedents and factual findings. Key decisions included upholding deductions for clinical trial expenditure and foreign currency loss, rejecting claims for certain deductions due to lack of evidence or non-pressing of grounds, and deleting disallowances related to interest and sales promotion expenditure. The tribunal also remitted the transfer pricing adjustment issue back to the Assessing Officer for fresh adjudication. en-us Mon, 11 Sep 2017 00:00:00 +0530 Wed, 13 Sep 2017 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347970 The tribunal partly allowed the assessee's appeals, dismissing the Revenue's appeal. The Assessing Officer was directed to re-compute certain claims and delete specific disallowances based on judicial precedents and factual findings. Key decisions included upholding deductions for clinical trial expenditure and foreign currency loss, rejecting claims for certain deductions due to lack of evidence or non-pressing of grounds, and deleting disallowances related to interest and sales promotion expenditure. The tribunal also remitted the transfer pricing adjustment issue back to the Assessing Officer for fresh adjudication. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347970