https://www.taxtmi.com/caselaws?id=307821 The Tribunal partially allowed the appeal, remanding several issues for re-examination. The determination of Arm's Length Price (ALP) in the Manufacturing Segment was adjusted following the Bombay High Court's precedent. The Tribunal directed verification of warranty cost recovery with a markup. Disallowances under Sections 40(a)(ia) and adjustments for rebate, volume discount, deferred revenue, and TDS were addressed based on judicial decisions. The classification of expenses and disallowances related to interest on delayed TDS payment and unpaid CST were upheld. The Tribunal instructed verification of TDS credit discrepancies. en-us Fri, 20 Jan 2023 00:00:00 +0530 Tue, 09 May 2023 21:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307821 The Tribunal partially allowed the appeal, remanding several issues for re-examination. The determination of Arm's Length Price (ALP) in the Manufacturing Segment was adjusted following the Bombay High Court's precedent. The Tribunal directed verification of warranty cost recovery with a markup. Disallowances under Sections 40(a)(ia) and adjustments for rebate, volume discount, deferred revenue, and TDS were addressed based on judicial decisions. The classification of expenses and disallowances related to interest on delayed TDS payment and unpaid CST were upheld. The Tribunal instructed verification of TDS credit discrepancies. Case-Laws Income Tax Fri, 20 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307821