https://www.taxtmi.com/caselaws?id=282399 The tribunal partly allowed the appeal, remanding certain issues back to the Assessing Officer for fresh adjudication. It clarified that section 80JJAA does not require employing over 100 new workmen but all other conditions must be met for deduction. Emphasis was placed on compliance with legal provisions and prior directions, highlighting the importance of procedural fairness and natural justice. The Transfer Pricing Officer was directed to follow the Dispute Resolution Panel's directions from the previous year, aligning with the appellant's contentions on the application of LIBOR rates. en-us Thu, 30 Jun 2016 00:00:00 +0530 Tue, 09 Aug 2022 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282399 The tribunal partly allowed the appeal, remanding certain issues back to the Assessing Officer for fresh adjudication. It clarified that section 80JJAA does not require employing over 100 new workmen but all other conditions must be met for deduction. Emphasis was placed on compliance with legal provisions and prior directions, highlighting the importance of procedural fairness and natural justice. The Transfer Pricing Officer was directed to follow the Dispute Resolution Panel's directions from the previous year, aligning with the appellant's contentions on the application of LIBOR rates. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282399