https://www.taxtmi.com/caselaws?id=415817 The tribunal partly allowed the assessee's appeals for AYs 2010-11 and 2011-12, directing the AO to make adjustments in favor of the assessee on various issues such as transfer pricing, R&D expenses deduction, promotional expenses, alleged bogus purchases, allocation of corporate expenses, scrap sales deduction, disallowance under Section 14A, education cess claim, interest levy under MAT provisions, and export incentives deduction. The revenue's appeal was dismissed, and the tribunal emphasized the importance of following judicial precedents and conducting thorough verifications in its detailed directions. en-us Fri, 08 Oct 2021 00:00:00 +0530 Tue, 14 Dec 2021 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415817 The tribunal partly allowed the assessee's appeals for AYs 2010-11 and 2011-12, directing the AO to make adjustments in favor of the assessee on various issues such as transfer pricing, R&D expenses deduction, promotional expenses, alleged bogus purchases, allocation of corporate expenses, scrap sales deduction, disallowance under Section 14A, education cess claim, interest levy under MAT provisions, and export incentives deduction. The revenue's appeal was dismissed, and the tribunal emphasized the importance of following judicial precedents and conducting thorough verifications in its detailed directions. Case-Laws Income Tax Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415817