https://www.taxtmi.com/caselaws?id=277117 The Tribunal partly allowed the appeals, remanding specific issues back to the AO for fresh consideration. It emphasized the importance of proper verification and adherence to legal precedents in determining tax liabilities and adjustments. The Tribunal held that Transfer Pricing adjustments related to Advertising, Marketing, and Publicity expenses were not justified without an agreement with the associated enterprise. It ruled in favor of the assessee regarding the treatment of TV cost/production films as revenue expenditure and disallowed stamp duty charges as capital expenditure. The Tribunal also clarified the non-taxability of provision for bad debts and dismissed penalty proceedings as premature. en-us Wed, 21 Mar 2018 00:00:00 +0530 Mon, 26 Nov 2018 07:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277117 The Tribunal partly allowed the appeals, remanding specific issues back to the AO for fresh consideration. It emphasized the importance of proper verification and adherence to legal precedents in determining tax liabilities and adjustments. The Tribunal held that Transfer Pricing adjustments related to Advertising, Marketing, and Publicity expenses were not justified without an agreement with the associated enterprise. It ruled in favor of the assessee regarding the treatment of TV cost/production films as revenue expenditure and disallowed stamp duty charges as capital expenditure. The Tribunal also clarified the non-taxability of provision for bad debts and dismissed penalty proceedings as premature. Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277117