https://www.taxtmi.com/caselaws?id=441591 The Tribunal allowed the appeal of the assessee on various grounds, directing the AO and TPO to follow its directions and delete the respective adjustments and disallowances. The appeal was partly allowed in favor of the assessee, specifically regarding Transfer Pricing adjustments in both the Manufacturing and Trading Segments, disallowance of Provision for Warranty, and disallowance of Unrealized Foreign Exchange Loss. The Tribunal emphasized the acceptance of the methods used by the assessee in previous years and upheld by higher courts, leading to a favorable outcome for the assessee in this case. en-us Fri, 24 Mar 2023 00:00:00 +0530 Thu, 10 Aug 2023 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441591 The Tribunal allowed the appeal of the assessee on various grounds, directing the AO and TPO to follow its directions and delete the respective adjustments and disallowances. The appeal was partly allowed in favor of the assessee, specifically regarding Transfer Pricing adjustments in both the Manufacturing and Trading Segments, disallowance of Provision for Warranty, and disallowance of Unrealized Foreign Exchange Loss. The Tribunal emphasized the acceptance of the methods used by the assessee in previous years and upheld by higher courts, leading to a favorable outcome for the assessee in this case. Case-Laws Income Tax Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441591