https://www.taxtmi.com/caselaws?id=270102 The Tribunal partly allowed the appeal, upholding the assessee's approach in benchmarking a foreign currency loan transaction and deleting the ALP adjustment. It directed the AO to determine the compounding of interest on outstanding interest receivable from AE. The Tribunal remitted the determination of the ALP of the guarantee fee and the issue of agricultural income exemption for fresh adjudication. It also directed the AO to delete the disallowance under section 40(a)(ia) and allowed the deduction for employees' PF contributions. The matters concerning depreciation on goodwill, credit for tax deducted at source, and levy of interest under section 234D were remitted for verification and relief. en-us Tue, 30 Jun 2015 00:00:00 +0530 Mon, 28 Dec 2015 21:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270102 The Tribunal partly allowed the appeal, upholding the assessee's approach in benchmarking a foreign currency loan transaction and deleting the ALP adjustment. It directed the AO to determine the compounding of interest on outstanding interest receivable from AE. The Tribunal remitted the determination of the ALP of the guarantee fee and the issue of agricultural income exemption for fresh adjudication. It also directed the AO to delete the disallowance under section 40(a)(ia) and allowed the deduction for employees' PF contributions. The matters concerning depreciation on goodwill, credit for tax deducted at source, and levy of interest under section 234D were remitted for verification and relief. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270102