S. 92CA : Transfer pricing-Reference to Transfer Pricing Officer-Arm’s Length price-Avoidance of tax-Advertisement, Marketing and Promotion (AMP) expenses-No international transaction beyond agreed reimbursement-Adjustment deleted-Comparables-Functionally dissimilar companies to be excluded-Working capital adjustment-DRP directions binding-Adjustment to be allowed-Royalty-Transactional Net Margin Method accepted-Separate benchmarking under CUP not permissible-Salary of expatriate employees-Secondment-No evidence of services rendered to parent company-Disallowance deleted.[S.37(1), 92C, 144C]

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Advertisement, Marketing and Promotion (AMP) expenses-Commission to distributors not AMP expenditure-Addition deleted. [S. 92CA]

S. 80-IA : Industrial undertaking-Deduction-To be allowed from gross total income-Order of CIT(A) to allow deduction after verification of claim was held to be proper. [S. 143(3)]

S. 80G : Donation-Charitable institution-Registration-Application filed under wrong clause-Technical error not fatal-Registration directed.[S. 12AA, 80G(5)(vi)]

S. 80G: Donation-Corporate Social Responsibility expenditure-Eligible donation-Deduction allowable-Receipts not produced-Matter remanded for verification.[S. 37(1)]

S. 69C : Unexplained expenditure-Bogus purchases-Burden of proving taxability lies on Revenue-Assessee cannot be called upon to prove a negative-Addition deleted.[S. 145]

S. 69C : Unexplained expenditure-Business expenditure-Bogus purchases-Addition based solely on third-party statements without cross-examination-Not sustainable-Onus discharged by assessee-Burden shifts to Revenue-Addition deleted-Sales accepted-Entire purchases cannot be disallowed-No further addition warranted. [S. 37(1), 142(1), 147, 148]

S. 69C : Unexplained expenditure-Search assessment-Unexplained cash expenditure-Assessee failed to establish expenditure incurred on behalf of production house-Addition confirmed.[S.69A, 132, 132(4)]

69C : Unexplained expenditure-Computer printouts seized from accountant-No corroborative evidence-Addition deleted-Protective addition-Cash found with accountant-Accountant owning cash-Addition in assessee’s hands not permissible.

S. 69A: Unexplained money-Unaccounted production-Estimation based on variation in electricity consumption-No evidence of unaccounted purchases or sales-Addition deleted.[S. 132]