https://www.taxtmi.com/caselaws?id=293761 Transfer pricing adjustment on royalty and technical know-how payments to the associated enterprise was deleted because the arrangement was unchanged from earlier accepted years, the royalty was linked to sales, and the assessee was not to be recharacterised as a contract manufacturer. Printers and UPS were treated as part of the computer system, so depreciation at 60% was allowed. Sample design and development charges were not excluded under section 80HHC, while the DEPB profit component required fresh recomputation for want of adequate material. Interest on fixed deposits was not treated as business income for section 80HHC. Contribution to the LIC group gratuity scheme was allowed as deductible business expenditure. en-us Wed, 31 Jul 2019 00:00:00 +0530 Tue, 02 Mar 2021 00:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293761 Transfer pricing adjustment on royalty and technical know-how payments to the associated enterprise was deleted because the arrangement was unchanged from earlier accepted years, the royalty was linked to sales, and the assessee was not to be recharacterised as a contract manufacturer. Printers and UPS were treated as part of the computer system, so depreciation at 60% was allowed. Sample design and development charges were not excluded under section 80HHC, while the DEPB profit component required fresh recomputation for want of adequate material. Interest on fixed deposits was not treated as business income for section 80HHC. Contribution to the LIC group gratuity scheme was allowed as deductible business expenditure. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293761