https://www.taxtmi.com/caselaws?id=434597 The Tribunal allowed the appeal filed by the assessee, quashing the Transfer Pricing Officer (TPO) order and subsequent assessment proceedings as time-barred. The TPO's adjustments were invalidated, including software development and intra-group services totaling Rs. 63,87,42,448. Corporate grounds such as lesser deduction under section 10AA, denial of depreciation on goodwill, and disallowances under section 40(a) were also dismissed due to the invalid TPO order. The Tribunal emphasized strict adherence to statutory time limits under sections 92CA and 144C, leading to the invalidation of the entire assessment process. en-us Thu, 23 Feb 2023 00:00:00 +0530 Wed, 10 May 2023 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434597 The Tribunal allowed the appeal filed by the assessee, quashing the Transfer Pricing Officer (TPO) order and subsequent assessment proceedings as time-barred. The TPO's adjustments were invalidated, including software development and intra-group services totaling Rs. 63,87,42,448. Corporate grounds such as lesser deduction under section 10AA, denial of depreciation on goodwill, and disallowances under section 40(a) were also dismissed due to the invalid TPO order. The Tribunal emphasized strict adherence to statutory time limits under sections 92CA and 144C, leading to the invalidation of the entire assessment process. Case-Laws Income Tax Thu, 23 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434597