https://www.taxtmi.com/caselaws?id=415070 The Tribunal partly allowed the appeal, setting aside the Transfer Pricing Adjustments and Corporate Tax Additions. The AO was directed to examine the other grounds as per law. Transfer pricing adjustments related to payment of royalty and service fee were deleted, adjustments for provision of software support services were deemed unsustainable, and adjustments for sales & marketing support services were modified. Corporate tax additions on unearned revenue were deleted due to consistent revenue recognition methods. Other grounds, including non-consideration of revised income return, short granting of TDS credit, non-granting of advance tax credit, interest levy, and penalty proceedings initiation, were left for further examination. en-us Tue, 29 Jun 2021 00:00:00 +0530 Thu, 25 Nov 2021 07:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415070 The Tribunal partly allowed the appeal, setting aside the Transfer Pricing Adjustments and Corporate Tax Additions. The AO was directed to examine the other grounds as per law. Transfer pricing adjustments related to payment of royalty and service fee were deleted, adjustments for provision of software support services were deemed unsustainable, and adjustments for sales & marketing support services were modified. Corporate tax additions on unearned revenue were deleted due to consistent revenue recognition methods. Other grounds, including non-consideration of revised income return, short granting of TDS credit, non-granting of advance tax credit, interest levy, and penalty proceedings initiation, were left for further examination. Case-Laws Income Tax Tue, 29 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415070