https://www.taxtmi.com/highlights?id=60796 Upward TP adjustment on account of reimbursement of expenses - The expenses in question were thus clearly for the purpose of the business of the assessee, and deserved to be allowed in full. The TPO should not have ventured into the job of the AO, but that technicality apart, even on merits, entire related expenses, which have been wrongly disallowed by making an ALP- something clearly contrary to the scheme of the Act, these expenses were fully admissible for deduction. - AT en-us Mon, 06 Dec 2021 09:36:00 +0530 Mon, 06 Dec 2021 09:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60796 Upward TP adjustment on account of reimbursement of expenses - The expenses in question were thus clearly for the purpose of the business of the assessee, and deserved to be allowed in full. The TPO should not have ventured into the job of the AO, but that technicality apart, even on merits, entire related expenses, which have been wrongly disallowed by making an ALP- something clearly contrary to the scheme of the Act, these expenses were fully admissible for deduction. - AT Highlights Income Tax Mon, 06 Dec 2021 09:36:00 +0530 https://www.taxtmi.com/highlights?id=60796