https://www.taxtmi.com/caselaws?id=371749 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s orders on both issues. It confirmed that the transfer pricing adjustment deletion was justified, emphasizing consistent profiles of the assessee and its Associated Enterprises. Additionally, the software purchase expenses were correctly treated as revenue expenditure due to their business purpose and limited useful life. The Tribunal's decision aligned with previous rulings in favor of the assessee for earlier assessment years, supported by the High Court. en-us Wed, 05 Dec 2018 00:00:00 +0530 Sun, 09 Dec 2018 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371749 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s orders on both issues. It confirmed that the transfer pricing adjustment deletion was justified, emphasizing consistent profiles of the assessee and its Associated Enterprises. Additionally, the software purchase expenses were correctly treated as revenue expenditure due to their business purpose and limited useful life. The Tribunal's decision aligned with previous rulings in favor of the assessee for earlier assessment years, supported by the High Court. Case-Laws Income Tax Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371749