https://www.taxtmi.com/caselaws?id=408651 The appellant's appeal is partially allowed, with the tribunal addressing transfer pricing issues, legal challenges, and corporate tax grounds in a detailed analysis. The judgment emphasizes the importance of considering business setup activities and timelines in determining allowable expenses and business commencement for tax purposes. The appellant succeeds in part on grounds related to expenses incurred before obtaining the VAT license, with the benefit under section 35D allowed for legal expenditure during incorporation. en-us Wed, 16 Jun 2021 00:00:00 +0530 Thu, 17 Jun 2021 11:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408651 The appellant's appeal is partially allowed, with the tribunal addressing transfer pricing issues, legal challenges, and corporate tax grounds in a detailed analysis. The judgment emphasizes the importance of considering business setup activities and timelines in determining allowable expenses and business commencement for tax purposes. The appellant succeeds in part on grounds related to expenses incurred before obtaining the VAT license, with the benefit under section 35D allowed for legal expenditure during incorporation. Case-Laws Income Tax Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408651