https://www.taxtmi.com/caselaws?id=411667 The Tribunal allowed the provision towards employee long-term service benefit liability, increased the deduction for expenses incurred for specific purposes, upheld the disallowance of mark-to-market loss on derivative contracts, directed further examination on the exclusion of Tata Motors Limited in Transfer Pricing analysis, treated provisions written back as operating in nature, granted working capital adjustment, restricted Transfer Pricing adjustment to Associated Enterprises transactions, and benchmarked royalty transactions based on net sales. The appeals were partly allowed for statistical purposes, with directions for the Assessing Officer to conduct further examinations and recalculations. en-us Wed, 18 Aug 2021 00:00:00 +0530 Tue, 31 Aug 2021 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411667 The Tribunal allowed the provision towards employee long-term service benefit liability, increased the deduction for expenses incurred for specific purposes, upheld the disallowance of mark-to-market loss on derivative contracts, directed further examination on the exclusion of Tata Motors Limited in Transfer Pricing analysis, treated provisions written back as operating in nature, granted working capital adjustment, restricted Transfer Pricing adjustment to Associated Enterprises transactions, and benchmarked royalty transactions based on net sales. The appeals were partly allowed for statistical purposes, with directions for the Assessing Officer to conduct further examinations and recalculations. Case-Laws Income Tax Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411667