https://www.taxtmi.com/caselaws?id=308762 The Tribunal allowed the assessee's appeal, directing the deletion of the transfer pricing adjustment, disallowance of depreciation on goodwill, and disallowance of bad debts. The Tribunal emphasized the evidence of services received for the transfer pricing adjustment, recognized goodwill for depreciation claims, and upheld the legitimacy of bad debts written off. As the Revenue did not appeal the Tribunal's decision for the previous year, the additions were deleted, and the interest charges under Sections 234B and 234C were considered consequential. en-us Thu, 06 Jan 2022 00:00:00 +0530 Wed, 19 Jul 2023 20:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308762 The Tribunal allowed the assessee's appeal, directing the deletion of the transfer pricing adjustment, disallowance of depreciation on goodwill, and disallowance of bad debts. The Tribunal emphasized the evidence of services received for the transfer pricing adjustment, recognized goodwill for depreciation claims, and upheld the legitimacy of bad debts written off. As the Revenue did not appeal the Tribunal's decision for the previous year, the additions were deleted, and the interest charges under Sections 234B and 234C were considered consequential. Case-Laws Income Tax Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308762