https://www.taxtmi.com/caselaws?id=359404 The Tribunal allowed the cross objection filed by the assessee partly and dismissed the appeal of the Revenue. It was held that no further income chargeable to tax in India could be attributed to the assessee due to transactions with its Associate Enterprise being at arm's length prices, as established in previous cases and supported by legal precedents. The issue of interest under Section 234B was dismissed as consequential to the decision on taxability, as no advance tax was payable. en-us Mon, 23 Apr 2018 00:00:00 +0530 Sun, 29 Apr 2018 21:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359404 The Tribunal allowed the cross objection filed by the assessee partly and dismissed the appeal of the Revenue. It was held that no further income chargeable to tax in India could be attributed to the assessee due to transactions with its Associate Enterprise being at arm's length prices, as established in previous cases and supported by legal precedents. The issue of interest under Section 234B was dismissed as consequential to the decision on taxability, as no advance tax was payable. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359404