https://www.taxtmi.com/caselaws?id=252562 The Tribunal allowed both appeals of the assessee, directing the AO to allow the claimed amounts for royalty and technical know-how fees and the sales tax deferment. The Tribunal emphasized the necessity for the TPO to determine the ALP rather than disallowing expenses based on business prudence. The issues of interest levy and penalty proceedings were dismissed as academic and premature, respectively. en-us Fri, 18 Jul 2014 00:00:00 +0530 Wed, 29 Oct 2014 07:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252562 The Tribunal allowed both appeals of the assessee, directing the AO to allow the claimed amounts for royalty and technical know-how fees and the sales tax deferment. The Tribunal emphasized the necessity for the TPO to determine the ALP rather than disallowing expenses based on business prudence. The issues of interest levy and penalty proceedings were dismissed as academic and premature, respectively. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252562