https://www.taxtmi.com/caselaws?id=273284 Section 14A read with Rule 8D disallowance was unsustainable because the Assessing Officer had not first recorded dissatisfaction with the assessee's own expenditure computation, so the addition was deleted. Gift article expenditure and closing stock valuation were not disturbed, as the Tribunal followed its earlier orders in the assessee's own case. The transfer pricing adjustment on guarantee commission from the associated enterprise was also deleted on the basis of earlier co-ordinate bench rulings. Depreciation on advertisement expenditure was denied because the same outlay had already been allowed as revenue expenditure. The additional ground on royalty income under the India-Egypt DTAA was admitted, but the issue was remitted to the Assessing Officer for fresh consideration. en-us Fri, 20 Nov 2015 00:00:00 +0530 Fri, 15 Jun 2018 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273284 Section 14A read with Rule 8D disallowance was unsustainable because the Assessing Officer had not first recorded dissatisfaction with the assessee's own expenditure computation, so the addition was deleted. Gift article expenditure and closing stock valuation were not disturbed, as the Tribunal followed its earlier orders in the assessee's own case. The transfer pricing adjustment on guarantee commission from the associated enterprise was also deleted on the basis of earlier co-ordinate bench rulings. Depreciation on advertisement expenditure was denied because the same outlay had already been allowed as revenue expenditure. The additional ground on royalty income under the India-Egypt DTAA was admitted, but the issue was remitted to the Assessing Officer for fresh consideration. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273284