https://www.taxtmi.com/caselaws?id=305618 The Tribunal allowed the appeal filed by the assessee, directing the TPO to adopt the Comparable Uncontrolled Price (CUP) method for the manufacturing segment, deleting the adjustment related to Advertising, Marketing, and Promotion (AMP) expenditure. Additionally, the Tribunal allowed the provisions for warranty and leave encashment as deductible expenses and directed their exclusion from the book profits under section 115JB of the Income Tax Act. The Tribunal did not address the initiation of penalty proceedings under section 271(1)(c) in its detailed analysis. en-us Mon, 21 Mar 2022 00:00:00 +0530 Thu, 15 Dec 2022 10:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305618 The Tribunal allowed the appeal filed by the assessee, directing the TPO to adopt the Comparable Uncontrolled Price (CUP) method for the manufacturing segment, deleting the adjustment related to Advertising, Marketing, and Promotion (AMP) expenditure. Additionally, the Tribunal allowed the provisions for warranty and leave encashment as deductible expenses and directed their exclusion from the book profits under section 115JB of the Income Tax Act. The Tribunal did not address the initiation of penalty proceedings under section 271(1)(c) in its detailed analysis. Case-Laws Income Tax Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305618