https://www.taxtmi.com/caselaws?id=392732 The Tribunal allowed the assessee's appeal in part, dismissing the Revenue's appeal and partly allowing the assessee's cross-objection. The Tribunal directed the Assessing Officer to make adjustments in accordance with the Tribunal's consistent rulings and legal precedents. The additions to opening and closing stock of inventories were deleted, disallowance under Section 14A was restricted to 5% of dividend income, and the issue of reimbursement of costs to Associated Enterprises was remanded for fresh adjudication. The Tribunal also directed the Transfer Pricing Officer to consider adjustments at the entity level only in relation to Associated Enterprises transactions. en-us Fri, 21 Feb 2020 00:00:00 +0530 Wed, 26 Feb 2020 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392732 The Tribunal allowed the assessee's appeal in part, dismissing the Revenue's appeal and partly allowing the assessee's cross-objection. The Tribunal directed the Assessing Officer to make adjustments in accordance with the Tribunal's consistent rulings and legal precedents. The additions to opening and closing stock of inventories were deleted, disallowance under Section 14A was restricted to 5% of dividend income, and the issue of reimbursement of costs to Associated Enterprises was remanded for fresh adjudication. The Tribunal also directed the Transfer Pricing Officer to consider adjustments at the entity level only in relation to Associated Enterprises transactions. Case-Laws Income Tax Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392732