https://www.taxtmi.com/caselaws?id=435270 The Tribunal partly allowed the appeal, ruling in favor of the assessee on various issues including Transfer Pricing Adjustment on AMP Expenses, Disallowance of Depreciation on Intangibles, and Consequential Relief on Deferred Revenue. The Tribunal directed the Assessing Officer to adhere to judicial precedents and conduct fair verification processes for each issue. The disallowance of Provision for Leave Encashment and Interest on Customs Duty were upheld, with instructions for verification and allowance based on actual payments. Other grounds related to penalty proceedings were dismissed as the assessee did not press them during the hearing. en-us Thu, 18 Aug 2022 00:00:00 +0530 Wed, 15 Mar 2023 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435270 The Tribunal partly allowed the appeal, ruling in favor of the assessee on various issues including Transfer Pricing Adjustment on AMP Expenses, Disallowance of Depreciation on Intangibles, and Consequential Relief on Deferred Revenue. The Tribunal directed the Assessing Officer to adhere to judicial precedents and conduct fair verification processes for each issue. The disallowance of Provision for Leave Encashment and Interest on Customs Duty were upheld, with instructions for verification and allowance based on actual payments. Other grounds related to penalty proceedings were dismissed as the assessee did not press them during the hearing. Case-Laws Income Tax Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435270