https://www.taxtmi.com/caselaws?id=380811 The tribunal rejected various grounds related to Transfer Pricing (TP) issues as they were withdrawn by the assessee due to resolution in the Mutual Agreement Procedure (MAP). The tribunal directed the AO to make adjustments in line with legal precedents for deduction claims under section 10B of the Act and treatment of certain expenses. The tribunal upheld the treatment of software purchase expenses as capital expenditure but remanded the issue of disallowance of bearing assembly purchase back to the DRP for a reasoned decision. The appeals were partly allowed for statistical purposes with specific directions for further consideration where necessary. en-us Fri, 10 May 2019 00:00:00 +0530 Tue, 28 May 2019 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380811 The tribunal rejected various grounds related to Transfer Pricing (TP) issues as they were withdrawn by the assessee due to resolution in the Mutual Agreement Procedure (MAP). The tribunal directed the AO to make adjustments in line with legal precedents for deduction claims under section 10B of the Act and treatment of certain expenses. The tribunal upheld the treatment of software purchase expenses as capital expenditure but remanded the issue of disallowance of bearing assembly purchase back to the DRP for a reasoned decision. The appeals were partly allowed for statistical purposes with specific directions for further consideration where necessary. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380811