https://www.taxtmi.com/caselaws?id=412725 The Tribunal ruled in favor of the assessee, directing the deletion of the transfer pricing adjustment for brand development services. It restricted the disallowance under Section 14A to the extent of exempt income earned and deleted the disallowance of depreciation on capital subsidy. However, it upheld the disallowance of performance reward under Section 43B and the treatment of export incentives as revenue receipts. The Tribunal remanded the issues of VAT incentive and education cess for reconsideration by the AO. en-us Fri, 17 Sep 2021 00:00:00 +0530 Fri, 24 Sep 2021 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412725 The Tribunal ruled in favor of the assessee, directing the deletion of the transfer pricing adjustment for brand development services. It restricted the disallowance under Section 14A to the extent of exempt income earned and deleted the disallowance of depreciation on capital subsidy. However, it upheld the disallowance of performance reward under Section 43B and the treatment of export incentives as revenue receipts. The Tribunal remanded the issues of VAT incentive and education cess for reconsideration by the AO. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412725