https://www.taxtmi.com/caselaws?id=307260 Transfer pricing adjustment required fresh examination because the selected comparable's related party transactions and functional profile had not been properly tested, and the treatment of reimbursed expenses in the cost base for markup also needed factual verification; the matter was remitted for reconsideration after due opportunity. Expenditure on samples, sponsorship, medical donations and equipment donation was held allowable under income-tax law because the medical ethics restrictions relied on were operative only from 10 December 2009 and could not apply to earlier expenditure, while the CBDT circular was treated as clarificatory. The sample cost was also allowed on the basis applied in the assessee's own case. en-us Tue, 27 Dec 2016 00:00:00 +0530 Fri, 31 Mar 2023 08:48:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307260 Transfer pricing adjustment required fresh examination because the selected comparable's related party transactions and functional profile had not been properly tested, and the treatment of reimbursed expenses in the cost base for markup also needed factual verification; the matter was remitted for reconsideration after due opportunity. Expenditure on samples, sponsorship, medical donations and equipment donation was held allowable under income-tax law because the medical ethics restrictions relied on were operative only from 10 December 2009 and could not apply to earlier expenditure, while the CBDT circular was treated as clarificatory. The sample cost was also allowed on the basis applied in the assessee's own case. Case-Laws Income Tax Tue, 27 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307260