https://www.taxtmi.com/caselaws?id=306030 The Tribunal directed the Transfer Pricing Officer to reconsider the transfer pricing adjustment issue for denovo assessment due to discrepancies in service characterization. The Tribunal upheld the appellant's provision for warranty liability, emphasizing the scientific basis and consistency in determining the provision. Additionally, the Tribunal restored the software expenses issues to the Assessing Officer for reevaluation in line with recent legal decisions. Both the assessee and revenue appeals were treated as allowed for statistical purposes, with all issues remanded for further examination by the respective authorities. en-us Mon, 21 Feb 2022 00:00:00 +0530 Fri, 06 Jan 2023 09:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306030 The Tribunal directed the Transfer Pricing Officer to reconsider the transfer pricing adjustment issue for denovo assessment due to discrepancies in service characterization. The Tribunal upheld the appellant's provision for warranty liability, emphasizing the scientific basis and consistency in determining the provision. Additionally, the Tribunal restored the software expenses issues to the Assessing Officer for reevaluation in line with recent legal decisions. Both the assessee and revenue appeals were treated as allowed for statistical purposes, with all issues remanded for further examination by the respective authorities. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306030