https://www.taxtmi.com/caselaws?id=392065 The Tribunal partly allowed the assessee's appeal, remanding several issues back to the Assessing Officer/Transfer Pricing Officer for reconsideration in line with established legal principles. Notably, the Tribunal ruled in favor of the assessee regarding Transfer Pricing Adjustment for Advertisement, Marketing, and Promotion expenses, Intra-Group Services, Contract R&D Services, and Research and Training Expenditure. The Tribunal directed a re-examination of the disallowance of expenses under sections 37(1) and 14A, providing the assessee with an opportunity to substantiate the nature of these expenses. en-us Fri, 07 Feb 2020 00:00:00 +0530 Thu, 13 Feb 2020 08:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392065 The Tribunal partly allowed the assessee's appeal, remanding several issues back to the Assessing Officer/Transfer Pricing Officer for reconsideration in line with established legal principles. Notably, the Tribunal ruled in favor of the assessee regarding Transfer Pricing Adjustment for Advertisement, Marketing, and Promotion expenses, Intra-Group Services, Contract R&D Services, and Research and Training Expenditure. The Tribunal directed a re-examination of the disallowance of expenses under sections 37(1) and 14A, providing the assessee with an opportunity to substantiate the nature of these expenses. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392065