TK Elevator Private Limited vs Deputy Commissioner of Income Tax, Circle- 25(1)
Parties Involved
Facts Summary
The appeals are filed by the assessee and the Revenue pertaining to Assessment Years 2011-12 challenging the Final Assessment Orders passed by Deputy Commissioner of Income Tax, Circle -25(1), New Delhi dated 18/05/2015. The assessee challenges the disallowance of warranty provision and transfer pricing adjustment, while the Revenue challenges the deletion of addition on account of advance from customers.…
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance of warranty provision amounting to Rs. 91,15,153/-
- 2. Addition on account of transfer pricing adjustment in respect of payment of Corporate Mark Fee to its associated enterprise
- 3. Deletion of addition of Rs. 12,00,11,865/- made on account of advance from customers
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
6 precedents cited in this judgement.
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