https://www.taxtmi.com/caselaws?id=259196 The Tribunal partially allowed the assessee's appeals, directing the AO/TPO to recompute the Arm's Length Price considering an aggregated approach for international transactions. The Tribunal allowed the disallowance of bad debts written off as a business loss, remanded the disallowance of staff advances for verification, and directed verification on the disallowance of advances to the Australian branch. Additionally, the Tribunal adjusted the notional interest rate on interest-free advances and upheld the exclusion of certain expenses for Section 10A computation, in line with High Court rulings. The revenue's appeals were dismissed, affirming the CIT(A)'s directions. en-us Fri, 13 Feb 2015 00:00:00 +0530 Mon, 04 May 2015 06:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259196 The Tribunal partially allowed the assessee's appeals, directing the AO/TPO to recompute the Arm's Length Price considering an aggregated approach for international transactions. The Tribunal allowed the disallowance of bad debts written off as a business loss, remanded the disallowance of staff advances for verification, and directed verification on the disallowance of advances to the Australian branch. Additionally, the Tribunal adjusted the notional interest rate on interest-free advances and upheld the exclusion of certain expenses for Section 10A computation, in line with High Court rulings. The revenue's appeals were dismissed, affirming the CIT(A)'s directions. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259196