https://www.taxtmi.com/caselaws?id=348500 The tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. Various disallowances were deleted, including interest on ECBs, expenses of capital nature, interest on short term loans, and support services expenditure. The tribunal directed verification and re-examination of certain issues related to transfer pricing matters. Penalty proceedings and levy of interest under sections 234B and 234D were dismissed as premature. The tribunal emphasized assessments in compliance with the law and supported by proper evidence. en-us Mon, 18 Sep 2017 00:00:00 +0530 Thu, 21 Sep 2017 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348500 The tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. Various disallowances were deleted, including interest on ECBs, expenses of capital nature, interest on short term loans, and support services expenditure. The tribunal directed verification and re-examination of certain issues related to transfer pricing matters. Penalty proceedings and levy of interest under sections 234B and 234D were dismissed as premature. The tribunal emphasized assessments in compliance with the law and supported by proper evidence. Case-Laws Income Tax Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348500