https://www.taxtmi.com/caselaws?id=277178 The Tribunal ruled in favor of the assessee on various grounds, including the downward adjustment of royalty payments, affirming that the TPO cannot question the commercial expediency of transactions. The Tribunal also held that disallowance under section 14A is not applicable when no exempt income is earned. Deduction of interest on service tax was allowed, while interest on TDS was disallowed. Additionally, the Tribunal permitted the spill-over additional depreciation claim under section 32(1)(iia) on plant and machinery for the subsequent year. Appeals were partly allowed for statistical purposes. en-us Mon, 13 Nov 2017 00:00:00 +0530 Wed, 28 Nov 2018 06:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277178 The Tribunal ruled in favor of the assessee on various grounds, including the downward adjustment of royalty payments, affirming that the TPO cannot question the commercial expediency of transactions. The Tribunal also held that disallowance under section 14A is not applicable when no exempt income is earned. Deduction of interest on service tax was allowed, while interest on TDS was disallowed. Additionally, the Tribunal permitted the spill-over additional depreciation claim under section 32(1)(iia) on plant and machinery for the subsequent year. Appeals were partly allowed for statistical purposes. Case-Laws Income Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277178