https://www.taxtmi.com/caselaws?id=353990 The Appellate Tribunal ITAT Hyderabad allowed the appeal in favor of the appellant company on multiple issues. Firstly, it ruled that no international transaction existed regarding the sale of intangible assets to its associated enterprise. Secondly, it determined the arm's length price for management consultancy fees and directed the Assessing Officer to adjust the order accordingly. Thirdly, it directed the exclusion of certain expenses from export turnover for computing exemption under section 10AA. Lastly, it remitted the issue of interest levy under section 234B back to the AO for further consideration, partially allowing the appeal. en-us Fri, 12 Jan 2018 00:00:00 +0530 Tue, 16 Jan 2018 09:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353990 The Appellate Tribunal ITAT Hyderabad allowed the appeal in favor of the appellant company on multiple issues. Firstly, it ruled that no international transaction existed regarding the sale of intangible assets to its associated enterprise. Secondly, it determined the arm's length price for management consultancy fees and directed the Assessing Officer to adjust the order accordingly. Thirdly, it directed the exclusion of certain expenses from export turnover for computing exemption under section 10AA. Lastly, it remitted the issue of interest levy under section 234B back to the AO for further consideration, partially allowing the appeal. Case-Laws Income Tax Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353990