https://www.taxtmi.com/caselaws?id=398979 The Tribunal partly allowed the assessee's appeals, dismissed the cross objection, and rejected the Revenue's appeals. The delay in filing the appeal was condoned due to medical reasons. Extraordinary expenses in the Transport segment were disallowed as routine expenditures. Transfer pricing adjustment on royalty payments was upheld with directions for proper benchmarking. Unpaid service tax payable was not disallowed. The deduction of service tax on a payment basis was to be reexamined. The addition of transfer pricing adjustment to book profits was decided in favor of the assessee. The issue of merger expenditure disallowance was dismissed. The Revenue's appeal on adjustment reduction to AE transactions was also dismissed. en-us Mon, 31 Aug 2020 00:00:00 +0530 Fri, 09 Sep 2022 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398979 The Tribunal partly allowed the assessee's appeals, dismissed the cross objection, and rejected the Revenue's appeals. The delay in filing the appeal was condoned due to medical reasons. Extraordinary expenses in the Transport segment were disallowed as routine expenditures. Transfer pricing adjustment on royalty payments was upheld with directions for proper benchmarking. Unpaid service tax payable was not disallowed. The deduction of service tax on a payment basis was to be reexamined. The addition of transfer pricing adjustment to book profits was decided in favor of the assessee. The issue of merger expenditure disallowance was dismissed. The Revenue's appeal on adjustment reduction to AE transactions was also dismissed. Case-Laws Income Tax Mon, 31 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398979