https://www.taxtmi.com/caselaws?id=357496 The Tribunal's judgment addressed various issues including development expenses, technical services fees, consultancy charges, and provisions for warranties. The assessee succeeded on some points, while others were set aside for reconsideration or decided against the assessee. The Tribunal stressed the importance of using a scientific method and historical data in determining provisions and expenses, especially in transfer pricing and warranty provisions. The matter of transfer pricing was remanded back to the TPO/AO for further review in line with CBDT Circular guidelines. en-us Wed, 21 Mar 2018 00:00:00 +0530 Sat, 24 Mar 2018 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357496 The Tribunal's judgment addressed various issues including development expenses, technical services fees, consultancy charges, and provisions for warranties. The assessee succeeded on some points, while others were set aside for reconsideration or decided against the assessee. The Tribunal stressed the importance of using a scientific method and historical data in determining provisions and expenses, especially in transfer pricing and warranty provisions. The matter of transfer pricing was remanded back to the TPO/AO for further review in line with CBDT Circular guidelines. Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357496