https://www.taxtmi.com/caselaws?id=306157 The appeal was partly allowed with the Tribunal directing the deletion of transfer pricing adjustment based on the invalid application of the Comparable Uncontrolled Price (CUP) method and acceptance of the Transactional Net Margin Method (TNMM). The Tribunal also directed a fresh examination of the disallowed expenditure towards distribution of samples and the disallowances under sections 14A and 145A of the Act, allowing the assessee to substantiate expenses and excluding certain investments from disallowance calculation. The disallowance of club expenditure was deleted based on a previous Tribunal decision, while the disallowance under section 43B(f) was upheld following legal precedent. en-us Thu, 04 Feb 2021 00:00:00 +0530 Fri, 13 Jan 2023 21:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306157 The appeal was partly allowed with the Tribunal directing the deletion of transfer pricing adjustment based on the invalid application of the Comparable Uncontrolled Price (CUP) method and acceptance of the Transactional Net Margin Method (TNMM). The Tribunal also directed a fresh examination of the disallowed expenditure towards distribution of samples and the disallowances under sections 14A and 145A of the Act, allowing the assessee to substantiate expenses and excluding certain investments from disallowance calculation. The disallowance of club expenditure was deleted based on a previous Tribunal decision, while the disallowance under section 43B(f) was upheld following legal precedent. Case-Laws Income Tax Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306157