https://www.taxtmi.com/caselaws?id=429939 Transfer pricing adjustment on royalty was deleted because the arm's length price could not be fixed at nil merely on the presence of OEM manufacturing, where licensed technology, know-how and trademarks were used. Advisory services and section 80G claims were remitted for fresh consideration or verification. The receivables adjustment was sustained in line with the DRP's modified directions. Disallowance of stock valuation loss was deleted because inventory valued at cost or net realisable value, whichever is lower, reflects settled accounting principles. CSR expenditure was not to be added back to book profit under section 115JB, and warranty provision was allowed as an ascertained liability. en-us Mon, 17 Oct 2022 00:00:00 +0530 Mon, 07 Nov 2022 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429939 Transfer pricing adjustment on royalty was deleted because the arm's length price could not be fixed at nil merely on the presence of OEM manufacturing, where licensed technology, know-how and trademarks were used. Advisory services and section 80G claims were remitted for fresh consideration or verification. The receivables adjustment was sustained in line with the DRP's modified directions. Disallowance of stock valuation loss was deleted because inventory valued at cost or net realisable value, whichever is lower, reflects settled accounting principles. CSR expenditure was not to be added back to book profit under section 115JB, and warranty provision was allowed as an ascertained liability. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429939