https://www.taxtmi.com/caselaws?id=384160 Royalty paid to an associated enterprise was treated as at arm's length because the arrangement matched earlier accepted years, the payment was embedded in sale price and the export benchmarking supported the taxpayer's position, so the transfer pricing adjustment was deleted. Printers and UPS were held to be integral parts of a computer system and eligible for the higher computer depreciation rate. In the section 80HHC computation, sample design and development charges were treated as export-linked business receipts, DEPB profit element required recomputation, and interest on fixed deposits was assessed as income from other sources. Contribution to the LIC group gratuity scheme was allowed as business deduction as actual expenditure. en-us Wed, 31 Jul 2019 00:00:00 +0530 Tue, 06 Aug 2019 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384160 Royalty paid to an associated enterprise was treated as at arm's length because the arrangement matched earlier accepted years, the payment was embedded in sale price and the export benchmarking supported the taxpayer's position, so the transfer pricing adjustment was deleted. Printers and UPS were held to be integral parts of a computer system and eligible for the higher computer depreciation rate. In the section 80HHC computation, sample design and development charges were treated as export-linked business receipts, DEPB profit element required recomputation, and interest on fixed deposits was assessed as income from other sources. Contribution to the LIC group gratuity scheme was allowed as business deduction as actual expenditure. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384160