https://www.taxtmi.com/caselaws?id=309569 The appeal was partly allowed and partly set aside for statistical purposes. The Tribunal directed the Assessing Officer to reconsider certain issues, including the addition to closing stock due to unutilized Cenvat credit, disallowance of royalty as capital expenditure, and transfer pricing adjustments. The Tribunal upheld the assessee's claim regarding royalty payments and provision for old and obsolete stores, citing consistency and relevant case laws. The issue of not granting a 5% benefit under the IT Act was dismissed as not pressed. The order was pronounced on 19th December 2012. en-us Wed, 19 Dec 2012 00:00:00 +0530 Mon, 11 Sep 2023 12:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309569 The appeal was partly allowed and partly set aside for statistical purposes. The Tribunal directed the Assessing Officer to reconsider certain issues, including the addition to closing stock due to unutilized Cenvat credit, disallowance of royalty as capital expenditure, and transfer pricing adjustments. The Tribunal upheld the assessee's claim regarding royalty payments and provision for old and obsolete stores, citing consistency and relevant case laws. The issue of not granting a 5% benefit under the IT Act was dismissed as not pressed. The order was pronounced on 19th December 2012. Case-Laws Income Tax Wed, 19 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309569