https://www.taxtmi.com/caselaws?id=379951 The Tribunal allowed the appeals in part, directing the AO to delete the transfer pricing adjustment for commission payment, disallow amortization of premium on leasehold land, and re-compute disallowance under Section 14A. The assessee was granted enhanced deduction under Section 10A and penalty proceedings under Section 271(1)(c) were deemed premature. The Tribunal accepted the plea for transfer pricing adjustment in the Design Engineering Segment based on audited segmental details. Disallowance of provision for Medicare expenses was upheld. Other grounds were dismissed following precedent and established reasoning. en-us Fri, 03 May 2019 00:00:00 +0530 Thu, 09 May 2019 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379951 The Tribunal allowed the appeals in part, directing the AO to delete the transfer pricing adjustment for commission payment, disallow amortization of premium on leasehold land, and re-compute disallowance under Section 14A. The assessee was granted enhanced deduction under Section 10A and penalty proceedings under Section 271(1)(c) were deemed premature. The Tribunal accepted the plea for transfer pricing adjustment in the Design Engineering Segment based on audited segmental details. Disallowance of provision for Medicare expenses was upheld. Other grounds were dismissed following precedent and established reasoning. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379951