https://www.taxtmi.com/caselaws?id=192120 The Tribunal partly allowed the appeals, remanding several issues to the Assessing Officer for reconsideration and verification in line with the Tribunal's directions and legal precedents. Key decisions included directing the adoption of LIBOR + 2% or 7% as the arm's length interest rate, allowing ESOP costs as deductible expenses, treating trial run expenses as revenue expenditure, disallowing certain capital expenditures, and upholding deductions under specific sections while remanding for further verification. The Tribunal also addressed issues related to depreciation, research and development expenditure, technical service payments, and tax credit under the Double Taxation Avoidance Agreement. en-us Mon, 02 Jan 2017 00:00:00 +0530 Mon, 15 May 2017 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192120 The Tribunal partly allowed the appeals, remanding several issues to the Assessing Officer for reconsideration and verification in line with the Tribunal's directions and legal precedents. Key decisions included directing the adoption of LIBOR + 2% or 7% as the arm's length interest rate, allowing ESOP costs as deductible expenses, treating trial run expenses as revenue expenditure, disallowing certain capital expenditures, and upholding deductions under specific sections while remanding for further verification. The Tribunal also addressed issues related to depreciation, research and development expenditure, technical service payments, and tax credit under the Double Taxation Avoidance Agreement. Case-Laws Income Tax Mon, 02 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192120