https://www.taxtmi.com/caselaws?id=341892 The appeal was partly allowed with various grounds being addressed as per the detailed analysis provided. The Tribunal provided directions for fresh adjudication and verification of claims where necessary. Key issues included the correct rate of surcharge on Dividend Distribution Tax, disallowance of depreciation on non-compete fees, valuation of assets acquired under a scheme of arrangement, interest disallowance under Section 36(1)(iii), proportionate interest on borrowed funds for receivables from subsidiary companies, Transfer Pricing adjustments on loan transactions and corporate guarantees, addition of certain interest income, treatment of foreign exchange gains, adjustment of provision for bad and doubtful debts from book profits under Section 115JB, and set-off of brought forward business losses and unabsorbed depreciation. en-us Wed, 04 Jan 2017 00:00:00 +0530 Tue, 18 Apr 2017 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341892 The appeal was partly allowed with various grounds being addressed as per the detailed analysis provided. The Tribunal provided directions for fresh adjudication and verification of claims where necessary. Key issues included the correct rate of surcharge on Dividend Distribution Tax, disallowance of depreciation on non-compete fees, valuation of assets acquired under a scheme of arrangement, interest disallowance under Section 36(1)(iii), proportionate interest on borrowed funds for receivables from subsidiary companies, Transfer Pricing adjustments on loan transactions and corporate guarantees, addition of certain interest income, treatment of foreign exchange gains, adjustment of provision for bad and doubtful debts from book profits under Section 115JB, and set-off of brought forward business losses and unabsorbed depreciation. Case-Laws Income Tax Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341892