Matter restored back as AO determined in breach of instructions no. 15/2015

Jay Chemical Industries Ltd. Vs DCIT/ACIT (ITAT Ahmedabad) Facts- Primarily three issues involved in these cross appeals are – (i) relating to transfer pricing adjustment made on account of determination of Arm’s Length Price of the reimbursement made by the assessee to its Associate Enterprise (AE) in lieu of cost sharing agreement entered into with it (ii) disallowance of commission expenses paid to non-residents for non-deduction of tax at source thereon as per the provisions of Section 40(a)(i) of the Act. (iii) disallowance of expenses pertaining to earning of incomes which are exempt...