https://www.taxtmi.com/caselaws?id=307102 The appeal filed by the assessee was partly allowed. The Tribunal remanded specific transfer pricing matters back for de novo consideration due to improper aggregation and benchmarking methods. The Tribunal upheld the capitalization of certain advertisement and sales promotion expenditures. It allowed the deduction for foreign exchange loss as claimed by the assessee and directed the AO to verify the disallowed notional interest on a salary advance. Other corporate tax matters were dismissed as not pressed. Consequential grounds did not require adjudication. en-us Mon, 30 May 2022 00:00:00 +0530 Fri, 17 Mar 2023 21:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307102 The appeal filed by the assessee was partly allowed. The Tribunal remanded specific transfer pricing matters back for de novo consideration due to improper aggregation and benchmarking methods. The Tribunal upheld the capitalization of certain advertisement and sales promotion expenditures. It allowed the deduction for foreign exchange loss as claimed by the assessee and directed the AO to verify the disallowed notional interest on a salary advance. Other corporate tax matters were dismissed as not pressed. Consequential grounds did not require adjudication. Case-Laws Income Tax Mon, 30 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307102