https://www.taxtmi.com/caselaws?id=294159 The Court dismissed the appeal challenging the Tribunal's order. The Court upheld the application of the Comparable Uncontrolled Price method for determining the Arms Length Price of imported pharmaceutical ingredients, allowing a quality adjustment. It also affirmed the respondent's right to receive technical consultancy services despite not availing them. Additionally, the Court supported the deductibility of share buyback expenditure as revenue expenditure and allowed sales promotion and conference expenses as they were incurred for business purposes. The Court dismissed the issue related to expenses incurred before a specific date due to lack of contestation by the Revenue. en-us Mon, 16 Sep 2019 00:00:00 +0530 Fri, 02 Jul 2021 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294159 The Court dismissed the appeal challenging the Tribunal's order. The Court upheld the application of the Comparable Uncontrolled Price method for determining the Arms Length Price of imported pharmaceutical ingredients, allowing a quality adjustment. It also affirmed the respondent's right to receive technical consultancy services despite not availing them. Additionally, the Court supported the deductibility of share buyback expenditure as revenue expenditure and allowed sales promotion and conference expenses as they were incurred for business purposes. The Court dismissed the issue related to expenses incurred before a specific date due to lack of contestation by the Revenue. Case-Laws Income Tax Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294159