https://www.taxtmi.com/caselaws?id=431961 The Tribunal partly allowed the appeal, deleting certain adjustments and disallowances while restoring others for reconsideration. The Transfer Pricing Adjustment on AMP Expenditure was deemed unsustainable and deleted. The Disallowance under Section 14A was referred back to the Assessing Officer for independent decision. Disallowance under Section 40(a)(ia) was deleted, and the provision for slow/non-moving inventory was upheld. Depreciation on software was increased to 60%, and the provision for VAT Assessment Demand was denied. The initiation of penalty under Section 271(1)(c) was not specifically addressed. en-us Wed, 30 Nov 2022 00:00:00 +0530 Sat, 24 Dec 2022 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431961 The Tribunal partly allowed the appeal, deleting certain adjustments and disallowances while restoring others for reconsideration. The Transfer Pricing Adjustment on AMP Expenditure was deemed unsustainable and deleted. The Disallowance under Section 14A was referred back to the Assessing Officer for independent decision. Disallowance under Section 40(a)(ia) was deleted, and the provision for slow/non-moving inventory was upheld. Depreciation on software was increased to 60%, and the provision for VAT Assessment Demand was denied. The initiation of penalty under Section 271(1)(c) was not specifically addressed. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431961