https://www.taxtmi.com/caselaws?id=328784 The Tribunal upheld the CIT(A)'s decisions on various issues, including the inclusion of reimbursed expenses in the cost base for calculating the NCP margin and the treatment of brand promotion expenses as revenue expenditure. It allowed the foreign exchange fluctuation loss claim and directed the AO to treat interest on loans to employees as business income. The Tribunal restored the matter of provision for transit breakages to the AO. The department's appeals were dismissed, and the assessee's appeals were partly allowed for statistical purposes. en-us Tue, 12 Apr 2016 00:00:00 +0530 Wed, 08 Jun 2016 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328784 The Tribunal upheld the CIT(A)'s decisions on various issues, including the inclusion of reimbursed expenses in the cost base for calculating the NCP margin and the treatment of brand promotion expenses as revenue expenditure. It allowed the foreign exchange fluctuation loss claim and directed the AO to treat interest on loans to employees as business income. The Tribunal restored the matter of provision for transit breakages to the AO. The department's appeals were dismissed, and the assessee's appeals were partly allowed for statistical purposes. Case-Laws Income Tax Tue, 12 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328784