https://www.taxtmi.com/caselaws?id=276170 The Tribunal remitted the disallowance of homologation expenses back to the AO for re-examination, reduced the ad hoc disallowance of certain expenses, upheld the disallowance of prior period car repair charges, allowed the deduction under section 80IB, deleted the disallowance of Project Assistant Technical charges, rejected the adjustment of royalty payment using the CUP method, treated royalty payment as revenue expenditure, and directed verification of expenses on capitalized cars. The Tribunal's decision aimed at a fair balance between protecting the assessee's rights and justifying necessary disallowances. en-us Mon, 06 Jun 2016 00:00:00 +0530 Thu, 01 Nov 2018 13:50:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276170 The Tribunal remitted the disallowance of homologation expenses back to the AO for re-examination, reduced the ad hoc disallowance of certain expenses, upheld the disallowance of prior period car repair charges, allowed the deduction under section 80IB, deleted the disallowance of Project Assistant Technical charges, rejected the adjustment of royalty payment using the CUP method, treated royalty payment as revenue expenditure, and directed verification of expenses on capitalized cars. The Tribunal's decision aimed at a fair balance between protecting the assessee's rights and justifying necessary disallowances. Case-Laws Income Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276170