https://www.taxtmi.com/caselaws?id=304067 The Tribunal partially allowed the appeals by directing the AO to delete the transfer pricing adjustment, allow the deduction under Section 10A, permit depreciation on intangible assets, consider forex gains for deduction under Section 10A, and verify and allow the set-off of brought forward losses and unabsorbed depreciation. The initiation of penalty proceedings under Section 271(1)(c) was dismissed as premature. en-us Thu, 19 Mar 2020 00:00:00 +0530 Tue, 06 Sep 2022 07:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304067 The Tribunal partially allowed the appeals by directing the AO to delete the transfer pricing adjustment, allow the deduction under Section 10A, permit depreciation on intangible assets, consider forex gains for deduction under Section 10A, and verify and allow the set-off of brought forward losses and unabsorbed depreciation. The initiation of penalty proceedings under Section 271(1)(c) was dismissed as premature. Case-Laws Income Tax Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304067