https://www.taxtmi.com/caselaws?id=394987 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The Tribunal upheld the deletion of the transfer pricing adjustment, allowance of foreign exchange fluctuation loss, and disallowance under section 14A. It also overturned the disallowance of expenditure on repairs to plant and machinery, addition under section 41, and provision for loss arising on sales return. The Tribunal provided detailed reasoning for each issue, emphasizing the importance of evidence and compliance with tax laws. en-us Wed, 26 Feb 2020 00:00:00 +0530 Fri, 01 May 2020 12:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394987 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The Tribunal upheld the deletion of the transfer pricing adjustment, allowance of foreign exchange fluctuation loss, and disallowance under section 14A. It also overturned the disallowance of expenditure on repairs to plant and machinery, addition under section 41, and provision for loss arising on sales return. The Tribunal provided detailed reasoning for each issue, emphasizing the importance of evidence and compliance with tax laws. Case-Laws Income Tax Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394987