https://www.taxtmi.com/caselaws?id=458923 ITAT Bangalore ruled in favor of the assessee on multiple issues. The Tribunal deleted the transfer pricing adjustment on excess AMP expenditure for the trading segment, following precedents from Maruti Suzuki India Ltd. and Sony Ericsson Mobile Communications cases. Regarding leave encashment provision, the Tribunal restored the matter to AO with directions to allow deduction under Section 43B(f) on actual payment basis, citing National Thermal Power Co. Ltd. SC judgment and Hewlett Packard precedent. The TDS credit issue was also restored to AO for examination and appropriate credit grant per law. en-us Wed, 07 Dec 2022 00:00:00 +0530 Thu, 21 Nov 2024 19:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458923 ITAT Bangalore ruled in favor of the assessee on multiple issues. The Tribunal deleted the transfer pricing adjustment on excess AMP expenditure for the trading segment, following precedents from Maruti Suzuki India Ltd. and Sony Ericsson Mobile Communications cases. Regarding leave encashment provision, the Tribunal restored the matter to AO with directions to allow deduction under Section 43B(f) on actual payment basis, citing National Thermal Power Co. Ltd. SC judgment and Hewlett Packard precedent. The TDS credit issue was also restored to AO for examination and appropriate credit grant per law. Case-Laws Income Tax Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458923