https://www.taxtmi.com/caselaws?id=461113 The Tribunal ruled predominantly in favor of the appellant, directing the Assessing Officer (AO) to delete adjustments related to intra-group services and advertisement expenses, consistent with previous Tribunal decisions. The adjustment for contract research and development services was deemed redundant as relief had already been granted. Rental payments for motor cars were not treated as capital expenditure, following past rulings. The disallowance of depreciation on moulds and the short grant of TDS/TCS were sent back to the AO for further verification. The Tribunal upheld the principle that disallowance under Section 14A is not applicable without exempt income. The deduction claim for education cess was dismissed. en-us Tue, 06 Sep 2022 00:00:00 +0530 Wed, 12 Mar 2025 14:18:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461113 The Tribunal ruled predominantly in favor of the appellant, directing the Assessing Officer (AO) to delete adjustments related to intra-group services and advertisement expenses, consistent with previous Tribunal decisions. The adjustment for contract research and development services was deemed redundant as relief had already been granted. Rental payments for motor cars were not treated as capital expenditure, following past rulings. The disallowance of depreciation on moulds and the short grant of TDS/TCS were sent back to the AO for further verification. The Tribunal upheld the principle that disallowance under Section 14A is not applicable without exempt income. The deduction claim for education cess was dismissed. Case-Laws Income Tax Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461113