https://www.taxtmi.com/caselaws?id=386638 The Tribunal partly allowed the appeal, ruling in favor of the assessee on various issues including Transfer Pricing Adjustment on AMP Expenses, classification of certain expenses, disallowance of payment to doctors, grants to medical associations, and other expenses related to business operations. The Tribunal disagreed with the TPO's conclusions on several adjustments, vacating some and remanding others for further verification. Additionally, the Tribunal directed the AO to allow consequential depreciation on non-compete fees and to compute interest under Section 234B based on the final tax liability. The issue of penalty under Section 271(1)(c) was dismissed as premature. en-us Fri, 13 Sep 2019 00:00:00 +0530 Fri, 04 Oct 2019 10:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386638 The Tribunal partly allowed the appeal, ruling in favor of the assessee on various issues including Transfer Pricing Adjustment on AMP Expenses, classification of certain expenses, disallowance of payment to doctors, grants to medical associations, and other expenses related to business operations. The Tribunal disagreed with the TPO's conclusions on several adjustments, vacating some and remanding others for further verification. Additionally, the Tribunal directed the AO to allow consequential depreciation on non-compete fees and to compute interest under Section 234B based on the final tax liability. The issue of penalty under Section 271(1)(c) was dismissed as premature. Case-Laws Income Tax Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386638