https://www.taxtmi.com/caselaws?id=439544 The Tribunal partly allowed the appeal, remitting various issues to the AO for fresh examination. Key outcomes include the Tribunal determining that salaries and wages related to AI development are revenue expenses, directing adjustments in transfer pricing, and instructing the AO to reevaluate expenses under Section 14A. Additionally, the Tribunal addressed issues such as taxability of marked-to-market income, set-off of losses from SEZ units, and deductions under Section 10AA, granting relief on certain matters while requiring further scrutiny on others. en-us Wed, 14 Jun 2023 00:00:00 +0530 Mon, 26 Jun 2023 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439544 The Tribunal partly allowed the appeal, remitting various issues to the AO for fresh examination. Key outcomes include the Tribunal determining that salaries and wages related to AI development are revenue expenses, directing adjustments in transfer pricing, and instructing the AO to reevaluate expenses under Section 14A. Additionally, the Tribunal addressed issues such as taxability of marked-to-market income, set-off of losses from SEZ units, and deductions under Section 10AA, granting relief on certain matters while requiring further scrutiny on others. Case-Laws Income Tax Wed, 14 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439544