https://www.taxtmi.com/caselaws?id=236409 The Tribunal upheld the deletion of interest expenses disallowance, agreeing with the CIT(A) that the expenses were incurred out of commercial expediency. However, the Tribunal set aside the transfer pricing adjustment and remanded the matter to the AO for fresh determination of the Arm's Length Price using the appropriate method. The department's appeal was allowed in part for statistical purposes. en-us Wed, 21 Aug 2013 00:00:00 +0530 Mon, 26 Aug 2013 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236409 The Tribunal upheld the deletion of interest expenses disallowance, agreeing with the CIT(A) that the expenses were incurred out of commercial expediency. However, the Tribunal set aside the transfer pricing adjustment and remanded the matter to the AO for fresh determination of the Arm's Length Price using the appropriate method. The department's appeal was allowed in part for statistical purposes. Case-Laws Income Tax Wed, 21 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236409