https://www.taxtmi.com/caselaws?id=399860 The tribunal ruled in favor of the assessee on various issues including disallowances under sections 36(1)(iii), 14A, and adjustments related to transfer pricing and deductions under sections 80IB/80IC. The tribunal deleted several disallowances such as reduction in the value of opening work in progress, job work charges from a related party, and disallowances related to fair market value of goods, allocation of common costs, and depreciation. The tribunal also directed the assessing officer to allow certain deductions and adjustments, ultimately providing substantial relief to the assessee. en-us Wed, 07 Oct 2020 00:00:00 +0530 Wed, 21 Oct 2020 10:15:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399860 The tribunal ruled in favor of the assessee on various issues including disallowances under sections 36(1)(iii), 14A, and adjustments related to transfer pricing and deductions under sections 80IB/80IC. The tribunal deleted several disallowances such as reduction in the value of opening work in progress, job work charges from a related party, and disallowances related to fair market value of goods, allocation of common costs, and depreciation. The tribunal also directed the assessing officer to allow certain deductions and adjustments, ultimately providing substantial relief to the assessee. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399860