Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Disallowance of interest expenditure - As per AO interest attributable to bring the inventory to its present location and condition should be included in the cost of inventory - CIT(A) deleted the disallowance - the method of valuation adopted by the assessee also gets support from Accounting Standard – 2 issued by ICAI - No additions - AT
Disallowance of interest expenditure - As per AO interest attributable to bring the inventory to its present location and condition should be included in the cost of inventory - CIT(A) deleted the disallowance - the method of valuation adopted by the assessee also gets support from Accounting Standard – 2 issued by ICAI - No additions - AT
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