https://www.taxtmi.com/caselaws?id=343852 The Tribunal concluded that payments made by the Assessee to ANPAP under the Service Level Agreement were at Arm's Length, benefiting the Assessee's operations, leading to the deletion of the addition by revenue authorities. Similarly, payments to ANDC under the Trinity Service Agreement were also deemed at Arm's Length, enhancing operational efficiency. Disallowance under Section 14A was rejected, accepting the Assessee's computation. The claim for deduction on bad debts written off was allowed, following a CBDT circular. The depreciation claim related to the sale of Rubber Chemical business was upheld, treating it as a slump sale. Assessee's appeal was allowed, while Revenue's appeal was dismissed. en-us Wed, 03 May 2017 00:00:00 +0530 Wed, 02 Aug 2017 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343852 The Tribunal concluded that payments made by the Assessee to ANPAP under the Service Level Agreement were at Arm's Length, benefiting the Assessee's operations, leading to the deletion of the addition by revenue authorities. Similarly, payments to ANDC under the Trinity Service Agreement were also deemed at Arm's Length, enhancing operational efficiency. Disallowance under Section 14A was rejected, accepting the Assessee's computation. The claim for deduction on bad debts written off was allowed, following a CBDT circular. The depreciation claim related to the sale of Rubber Chemical business was upheld, treating it as a slump sale. Assessee's appeal was allowed, while Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343852