https://www.taxtmi.com/caselaws?id=436149 The Tribunal partly allowed the appeal, directing the Assessing Officer to verify certain issues and compute Book Profits accordingly. The Tribunal found in favor of the Appellant regarding transfer pricing adjustments for out-of-pocket expenses and software maintenance expenses, disallowing lease rental payments, and initiating penalty proceedings. The Tribunal remanded certain issues back to the Assessing Officer for fresh adjudication based on previous decisions in favor of the Appellant. The appeal was disposed of with specific directions for further assessment. en-us Wed, 30 Nov 2022 00:00:00 +0530 Wed, 05 Apr 2023 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436149 The Tribunal partly allowed the appeal, directing the Assessing Officer to verify certain issues and compute Book Profits accordingly. The Tribunal found in favor of the Appellant regarding transfer pricing adjustments for out-of-pocket expenses and software maintenance expenses, disallowing lease rental payments, and initiating penalty proceedings. The Tribunal remanded certain issues back to the Assessing Officer for fresh adjudication based on previous decisions in favor of the Appellant. The appeal was disposed of with specific directions for further assessment. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436149