https://www.taxtmi.com/caselaws?id=200666 The Revenue's appeal challenging various disallowances was partly allowed for statistical purposes. The CIT(A)'s deletion of disallowances for staff welfare expenses, legal and professional expenses, foreign travel expenses, oil and petrol expenses, PF/ESIC contributions, and scrap sale in Section 80HHC deduction was upheld. The tribunal remitted certain issues back to the Assessing Officer for fresh adjudication. The upward transfer pricing adjustment was deleted due to procedural errors by the TPO. The inclusion of excise duty and sales tax in total turnover for Section 80HHC deduction was upheld. The disallowance of loss on traded items was deleted. en-us Fri, 05 Aug 2016 00:00:00 +0530 Thu, 12 Apr 2018 10:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200666 The Revenue's appeal challenging various disallowances was partly allowed for statistical purposes. The CIT(A)'s deletion of disallowances for staff welfare expenses, legal and professional expenses, foreign travel expenses, oil and petrol expenses, PF/ESIC contributions, and scrap sale in Section 80HHC deduction was upheld. The tribunal remitted certain issues back to the Assessing Officer for fresh adjudication. The upward transfer pricing adjustment was deleted due to procedural errors by the TPO. The inclusion of excise duty and sales tax in total turnover for Section 80HHC deduction was upheld. The disallowance of loss on traded items was deleted. Case-Laws Income Tax Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200666