https://www.taxtmi.com/caselaws?id=264507 A reimbursement of legal services claimed on a cost-to-cost basis was sent back for fresh examination, as the earlier year had already been remanded on the same issue. Depreciation on fixed assets purchased from an associated enterprise was allowed because the Tribunal had accepted the claim for those very assets in the earlier year, removing the basis for denial. Payment for debtor collection services routed through the associated enterprise was held not subject to withholding tax or disallowance, since the services were rendered outside India and no taxable income element in India was shown. The transfer pricing adjustment was also permitted to be reduced by set-off of subvention income offered to tax, as directed. en-us Fri, 28 Aug 2015 00:00:00 +0530 Sat, 26 Sep 2015 00:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264507 A reimbursement of legal services claimed on a cost-to-cost basis was sent back for fresh examination, as the earlier year had already been remanded on the same issue. Depreciation on fixed assets purchased from an associated enterprise was allowed because the Tribunal had accepted the claim for those very assets in the earlier year, removing the basis for denial. Payment for debtor collection services routed through the associated enterprise was held not subject to withholding tax or disallowance, since the services were rendered outside India and no taxable income element in India was shown. The transfer pricing adjustment was also permitted to be reduced by set-off of subvention income offered to tax, as directed. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264507