https://www.taxtmi.com/caselaws?id=307516 The Tribunal decided in favor of the assessee on various issues including the disallowance of provision for stock obsolescence, 1/3rd of the expenditure on advertisement and promotion, purchase of vaccine, product development expenses, market research expenses, post-retirement medical benefit, and CENVAT recoverable. However, the Tribunal adjudicated against the assessee on the disallowance of provision for market claims. The claim of surcharge and education cess was dismissed. The issue of adjustment on account of interest on receivables was allowed for statistical purposes. The Tribunal directed reconsideration of transfer pricing adjustment in relation to export of goods for exclusion of certain comparables. en-us Tue, 26 Oct 2021 00:00:00 +0530 Wed, 19 Apr 2023 21:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307516 The Tribunal decided in favor of the assessee on various issues including the disallowance of provision for stock obsolescence, 1/3rd of the expenditure on advertisement and promotion, purchase of vaccine, product development expenses, market research expenses, post-retirement medical benefit, and CENVAT recoverable. However, the Tribunal adjudicated against the assessee on the disallowance of provision for market claims. The claim of surcharge and education cess was dismissed. The issue of adjustment on account of interest on receivables was allowed for statistical purposes. The Tribunal directed reconsideration of transfer pricing adjustment in relation to export of goods for exclusion of certain comparables. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307516