https://www.taxtmi.com/caselaws?id=348392 The tribunal partly allowed the appeal, directing the deletion of disallowances related to interest expenses on External Commercial Borrowings, circuit accruals, year-end accruals, support service expenditure, and transfer pricing adjustments. The tribunal also instructed verification of statutory liabilities payable and granted credit for taxes deducted at source and advance tax. The grounds for levy of interest under sections 234B and 234C, as well as the initiation of penalty proceedings, were deemed premature and required no interference at that stage. The tribunal's order was pronounced on 18/09/2017. en-us Mon, 18 Sep 2017 00:00:00 +0530 Thu, 21 Sep 2017 07:14:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348392 The tribunal partly allowed the appeal, directing the deletion of disallowances related to interest expenses on External Commercial Borrowings, circuit accruals, year-end accruals, support service expenditure, and transfer pricing adjustments. The tribunal also instructed verification of statutory liabilities payable and granted credit for taxes deducted at source and advance tax. The grounds for levy of interest under sections 234B and 234C, as well as the initiation of penalty proceedings, were deemed premature and required no interference at that stage. The tribunal's order was pronounced on 18/09/2017. Case-Laws Income Tax Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348392