https://www.taxtmi.com/caselaws?id=235880 The Tribunal partly allowed the Revenue's appeal and dismissed the assessee's cross-objection. Key decisions included upholding the full deduction of staff and specific expenses, allowing the loss on revaluation of foreign exchange contracts, confirming the exemption on gross interest from tax-free bonds, permitting the +5% adjustment to the LIBOR rate for transfer pricing, allowing the head office expenses deduction, and affirming the charging of interest from the date of grant of the refund under Section 234D. en-us Fri, 17 May 2013 00:00:00 +0530 Mon, 20 May 2013 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235880 The Tribunal partly allowed the Revenue's appeal and dismissed the assessee's cross-objection. Key decisions included upholding the full deduction of staff and specific expenses, allowing the loss on revaluation of foreign exchange contracts, confirming the exemption on gross interest from tax-free bonds, permitting the +5% adjustment to the LIBOR rate for transfer pricing, allowing the head office expenses deduction, and affirming the charging of interest from the date of grant of the refund under Section 234D. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235880