https://www.taxtmi.com/caselaws?id=361452 Provision for legal and professional charges was treated as an ascertained liability where party-wise details and TDS compliance existed; the matter was remanded for fresh examination of quantification and tax-deduction compliance, with no final merits finding. Employees' contribution to provident fund and ESI paid after the statutory due dates remained disallowable under the governing jurisdictional precedent, and the assessee's section 43B-based contention was rejected. For outstanding expenses recoverable from associated enterprises, interest imputation was held to apply as an international transaction; a 60-day credit period was fixed and the rate was restricted to 8.15%, rejecting LIBOR/EURIBOR as the applicable benchmark for Indian-currency transactions. en-us Wed, 30 May 2018 00:00:00 +0530 Wed, 06 Jun 2018 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361452 Provision for legal and professional charges was treated as an ascertained liability where party-wise details and TDS compliance existed; the matter was remanded for fresh examination of quantification and tax-deduction compliance, with no final merits finding. Employees' contribution to provident fund and ESI paid after the statutory due dates remained disallowable under the governing jurisdictional precedent, and the assessee's section 43B-based contention was rejected. For outstanding expenses recoverable from associated enterprises, interest imputation was held to apply as an international transaction; a 60-day credit period was fixed and the rate was restricted to 8.15%, rejecting LIBOR/EURIBOR as the applicable benchmark for Indian-currency transactions. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361452