https://www.taxtmi.com/caselaws?id=372217 The Appellate Tribunal ITAT Delhi partly allowed the appeal by the assessee, directing the deletion of both the transfer pricing adjustment of Rs. 6.63 crores and the adhoc disallowance of 10% of total staff welfare expenses. The Tribunal emphasized the prerogative of the assessee in conducting their business and held that the necessity of expenses is not for Revenue authorities to decide. The decision was rendered on 17.12.2018. en-us Mon, 17 Dec 2018 00:00:00 +0530 Tue, 18 Dec 2018 21:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372217 The Appellate Tribunal ITAT Delhi partly allowed the appeal by the assessee, directing the deletion of both the transfer pricing adjustment of Rs. 6.63 crores and the adhoc disallowance of 10% of total staff welfare expenses. The Tribunal emphasized the prerogative of the assessee in conducting their business and held that the necessity of expenses is not for Revenue authorities to decide. The decision was rendered on 17.12.2018. Case-Laws Income Tax Mon, 17 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372217