https://www.taxtmi.com/caselaws?id=199459 The Tribunal partly allowed both appeals, directing the AO to verify and make necessary adjustments on various issues. The Tribunal emphasized the need for proper analysis in transfer pricing adjustments, including impact assessment on profitability and benchmarking royalty payments. It also clarified the treatment of losses and profits under Section 80IB, instructed adjustments to closing stock due to unutilized CENVAT credit, and directed the allowance of actual expenses like site restoration costs. Additionally, the Tribunal addressed interest charges under Sections 234B, 234C, and 234D, and issues related to depreciation on software expenses and TDS credit. en-us Wed, 01 Jun 2016 00:00:00 +0530 Thu, 01 Mar 2018 07:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199459 The Tribunal partly allowed both appeals, directing the AO to verify and make necessary adjustments on various issues. The Tribunal emphasized the need for proper analysis in transfer pricing adjustments, including impact assessment on profitability and benchmarking royalty payments. It also clarified the treatment of losses and profits under Section 80IB, instructed adjustments to closing stock due to unutilized CENVAT credit, and directed the allowance of actual expenses like site restoration costs. Additionally, the Tribunal addressed interest charges under Sections 234B, 234C, and 234D, and issues related to depreciation on software expenses and TDS credit. Case-Laws Income Tax Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199459