https://www.taxtmi.com/caselaws?id=195449 The Tribunal upheld the CIT(A)'s decisions on various issues, including the classification of product development expenses as revenue expenditure and restricting Transfer Pricing (TP) adjustments to international transactions. The Tribunal allowed the deduction of warranty provisions and proper allocation of leased line costs, while remitting certain matters for further verification by the Assessing Officer. The Revenue's appeals were dismissed, and the assessee's appeal was partly allowed. en-us Fri, 21 Apr 2017 00:00:00 +0530 Tue, 31 Oct 2017 10:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195449 The Tribunal upheld the CIT(A)'s decisions on various issues, including the classification of product development expenses as revenue expenditure and restricting Transfer Pricing (TP) adjustments to international transactions. The Tribunal allowed the deduction of warranty provisions and proper allocation of leased line costs, while remitting certain matters for further verification by the Assessing Officer. The Revenue's appeals were dismissed, and the assessee's appeal was partly allowed. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195449