https://www.taxtmi.com/caselaws?id=397716 Additional evidence of lender confirmations, PAN details and bank statements required fresh examination of the section 68 cash-credit addition, so the matter was remanded for reconsideration. The proportionate write-off of shelved project expenditure was allowed because the project had been abandoned after a change in specifications and the claim had been accepted on identical facts in the succeeding year. The transfer pricing adjustment based on a 15% arm's length margin was also set aside because it relied on a subsequent year's margin without proper adjustment for non-operating items or complete comparability analysis, and was remanded for de novo adjudication. en-us Mon, 22 Jun 2020 00:00:00 +0530 Thu, 27 Aug 2020 11:11:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397716 Additional evidence of lender confirmations, PAN details and bank statements required fresh examination of the section 68 cash-credit addition, so the matter was remanded for reconsideration. The proportionate write-off of shelved project expenditure was allowed because the project had been abandoned after a change in specifications and the claim had been accepted on identical facts in the succeeding year. The transfer pricing adjustment based on a 15% arm's length margin was also set aside because it relied on a subsequent year's margin without proper adjustment for non-operating items or complete comparability analysis, and was remanded for de novo adjudication. Case-Laws Income Tax Mon, 22 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397716