https://www.taxtmi.com/caselaws?id=275369 The Tribunal ruled in favor of the assessee regarding the disallowance of expenditure on management service fees, software and EDP charges, and advertisement and publicity expenses. The Tribunal allowed these expenses as revenue deductions, emphasizing the lack of enduring benefit or asset acquisition. The adjustment of brought forward losses was not pursued by the assessee. Penalty and interest levy issues were deemed consequential. The Tribunal remanded the transfer pricing adjustment on AMP expenses for fresh determination. Additionally, the Tribunal allowed the interest on late deposit of service tax as a deductible expenditure. en-us Mon, 02 Apr 2018 00:00:00 +0530 Fri, 28 Sep 2018 20:09:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275369 The Tribunal ruled in favor of the assessee regarding the disallowance of expenditure on management service fees, software and EDP charges, and advertisement and publicity expenses. The Tribunal allowed these expenses as revenue deductions, emphasizing the lack of enduring benefit or asset acquisition. The adjustment of brought forward losses was not pursued by the assessee. Penalty and interest levy issues were deemed consequential. The Tribunal remanded the transfer pricing adjustment on AMP expenses for fresh determination. Additionally, the Tribunal allowed the interest on late deposit of service tax as a deductible expenditure. Case-Laws Income Tax Mon, 02 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275369