https://www.taxtmi.com/caselaws?id=406358 The Tribunal partly allowed the assessee's appeals for AY 2010-11 and AY 2011-12, directing the deletion of disallowed expenses under Section 37(1) of the Income Tax Act, allowing weighted deduction under Section 35(2AB), ruling that Section 50C does not apply to transfer of leasehold lands, requiring re-examination of transfer pricing using TNMM, and permitting deduction for education cess on income tax paid. The Revenue's appeal contesting these decisions was dismissed by the Tribunal for both assessment years. en-us Fri, 05 Mar 2021 00:00:00 +0530 Mon, 12 Apr 2021 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406358 The Tribunal partly allowed the assessee's appeals for AY 2010-11 and AY 2011-12, directing the deletion of disallowed expenses under Section 37(1) of the Income Tax Act, allowing weighted deduction under Section 35(2AB), ruling that Section 50C does not apply to transfer of leasehold lands, requiring re-examination of transfer pricing using TNMM, and permitting deduction for education cess on income tax paid. The Revenue's appeal contesting these decisions was dismissed by the Tribunal for both assessment years. Case-Laws Income Tax Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406358