https://www.taxtmi.com/caselaws?id=355669 The Tribunal concluded that the compensation paid by TEDPL to TET was deemed an allowable business expense under Section 37 of the Income Tax Act. However, the AO was directed to recalculate the compensation using a 9.5% interest rate on the advance amount for a fair assessment. The appeal was partly allowed, with specific instructions for the AO to adhere to the Tribunal's findings and calculations. en-us Fri, 09 Feb 2018 00:00:00 +0530 Fri, 16 Feb 2018 07:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355669 The Tribunal concluded that the compensation paid by TEDPL to TET was deemed an allowable business expense under Section 37 of the Income Tax Act. However, the AO was directed to recalculate the compensation using a 9.5% interest rate on the advance amount for a fair assessment. The appeal was partly allowed, with specific instructions for the AO to adhere to the Tribunal's findings and calculations. Case-Laws Income Tax Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355669