https://www.taxtmi.com/caselaws?id=371910 The ITAT allowed the appeal for statistical purposes on all three issues. For the upward adjustment under Section 92C, the ITAT directed the inclusion of a comparable entity and the treatment of foreign exchange gains. Regarding the addition for late payment of employees' contribution, the ITAT remitted the matter for readjudication based on a favorable precedent. Lastly, for the disallowance under Section 14A, the ITAT instructed the re-computation considering only specific investments. The Assessing Officer was directed to take necessary actions in line with the ITAT's findings and legal precedents. en-us Mon, 22 Oct 2018 00:00:00 +0530 Fri, 14 Dec 2018 07:20:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371910 The ITAT allowed the appeal for statistical purposes on all three issues. For the upward adjustment under Section 92C, the ITAT directed the inclusion of a comparable entity and the treatment of foreign exchange gains. Regarding the addition for late payment of employees' contribution, the ITAT remitted the matter for readjudication based on a favorable precedent. Lastly, for the disallowance under Section 14A, the ITAT instructed the re-computation considering only specific investments. The Assessing Officer was directed to take necessary actions in line with the ITAT's findings and legal precedents. Case-Laws Income Tax Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371910