https://www.taxtmi.com/caselaws?id=461362 The ITAT Delhi ruled in favor of the assessee on multiple issues including transfer pricing adjustments, deduction claims, and various disallowances. The Tribunal held that inter-unit transfers at cost price without value addition by non-eligible units did not warrant substitution under section 80IA(8) read with section 80IC(7). Most issues were decided following consistent precedents from the assessee's earlier assessment years. The Tribunal allowed deductions for advertisement expenses, depreciation on software at 60%, education cess, and various other claims while directing verification of TDS credits and deletion of several disallowances made by the assessing officer. en-us Fri, 26 Nov 2021 00:00:00 +0530 Tue, 01 Apr 2025 19:43:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461362 The ITAT Delhi ruled in favor of the assessee on multiple issues including transfer pricing adjustments, deduction claims, and various disallowances. The Tribunal held that inter-unit transfers at cost price without value addition by non-eligible units did not warrant substitution under section 80IA(8) read with section 80IC(7). Most issues were decided following consistent precedents from the assessee's earlier assessment years. The Tribunal allowed deductions for advertisement expenses, depreciation on software at 60%, education cess, and various other claims while directing verification of TDS credits and deletion of several disallowances made by the assessing officer. Case-Laws Income Tax Fri, 26 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461362