https://www.taxtmi.com/caselaws?id=200626 The Tribunal upheld the deletion of disallowance of loss on the change in valuation method of closing stock of SIM cards, citing market conditions and consistent accounting treatment. The appeal to revive Section 14A disallowance was rejected due to the absence of exempt income. The initial assessment year for Section 80IA deduction was determined as AY 1997-98. Section 80IA deduction was allowed for sharing passive infrastructure and cell sites. Deductions were allowed on foreign exchange gains and bad debts written back. Miscellaneous expenditure written off was permitted. Disallowance under Section 40(a)(ia) on roaming charges and discounts was rejected. The treatment of prepaid services income was remitted for verification. License fees and royalty disallowance were deleted. Disallowance under Section 36(1)(iii) was deleted, and the upward transfer pricing adjustment was upheld. en-us Thu, 17 Nov 2016 00:00:00 +0530 Wed, 10 Apr 2019 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200626 The Tribunal upheld the deletion of disallowance of loss on the change in valuation method of closing stock of SIM cards, citing market conditions and consistent accounting treatment. The appeal to revive Section 14A disallowance was rejected due to the absence of exempt income. The initial assessment year for Section 80IA deduction was determined as AY 1997-98. Section 80IA deduction was allowed for sharing passive infrastructure and cell sites. Deductions were allowed on foreign exchange gains and bad debts written back. Miscellaneous expenditure written off was permitted. Disallowance under Section 40(a)(ia) on roaming charges and discounts was rejected. The treatment of prepaid services income was remitted for verification. License fees and royalty disallowance were deleted. Disallowance under Section 36(1)(iii) was deleted, and the upward transfer pricing adjustment was upheld. Case-Laws Income Tax Thu, 17 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200626