https://www.taxtmi.com/caselaws?id=294689 The appeal was partly allowed for statistical purposes. The Tribunal deleted significant adjustments related to AMP expenses, citing lack of evidence for international transactions benefiting the associated enterprise. Other issues, such as disallowance of depreciation on capital assets converted into stock-in-trade and computer peripherals, were resolved in favor of the taxpayer based on previous decisions. The Tribunal remanded the disallowance of bad debts and advances written off for reconsideration with additional evidence. The matter was restored to the AO pending Supreme Court decisions altering the legal position. en-us Mon, 16 Dec 2019 00:00:00 +0530 Wed, 28 Apr 2021 11:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294689 The appeal was partly allowed for statistical purposes. The Tribunal deleted significant adjustments related to AMP expenses, citing lack of evidence for international transactions benefiting the associated enterprise. Other issues, such as disallowance of depreciation on capital assets converted into stock-in-trade and computer peripherals, were resolved in favor of the taxpayer based on previous decisions. The Tribunal remanded the disallowance of bad debts and advances written off for reconsideration with additional evidence. The matter was restored to the AO pending Supreme Court decisions altering the legal position. Case-Laws Income Tax Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294689