https://www.taxtmi.com/caselaws?id=307110 The Appellate Tribunal ITAT Bangalore addressed the characterization of the assessee's business and the disallowance of the provision for audit fees. The Tribunal remanded the transfer pricing issues for de novo verification to ensure accurate appreciation of the functions performed by the assessee. Additionally, the Tribunal admitted the additional ground raised by the assessee regarding the audit fee provision, directing the Assessing Officer to verify the details and consider the claim appropriately. The appeals for both years were allowed for statistical purposes. en-us Tue, 15 Feb 2022 00:00:00 +0530 Sun, 19 Mar 2023 21:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307110 The Appellate Tribunal ITAT Bangalore addressed the characterization of the assessee's business and the disallowance of the provision for audit fees. The Tribunal remanded the transfer pricing issues for de novo verification to ensure accurate appreciation of the functions performed by the assessee. Additionally, the Tribunal admitted the additional ground raised by the assessee regarding the audit fee provision, directing the Assessing Officer to verify the details and consider the claim appropriately. The appeals for both years were allowed for statistical purposes. Case-Laws Income Tax Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307110