https://www.taxtmi.com/caselaws?id=373180 The Tribunal dismissed the AO's appeal and partly allowed the assessee's appeal. The Tribunal upheld the deletion of adjustments in sales price under Transfer Pricing, addition on account of Guarantee fees, addition under Section 145A of the Income Tax Act, disallowance under Section 10B of the Income Tax Act, and Transfer Pricing adjustment concerning interest on loans to Associated Enterprises. The Tribunal also directed the exclusion of unrealized exports from total turnover for Section 10B deduction. Additionally, the Tribunal directed the AO to tax only the net income in the case of prior period expenditure. The Tribunal remitted additional grounds of appeal to the AO for further adjudication. en-us Mon, 31 Dec 2018 00:00:00 +0530 Tue, 08 Jan 2019 10:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373180 The Tribunal dismissed the AO's appeal and partly allowed the assessee's appeal. The Tribunal upheld the deletion of adjustments in sales price under Transfer Pricing, addition on account of Guarantee fees, addition under Section 145A of the Income Tax Act, disallowance under Section 10B of the Income Tax Act, and Transfer Pricing adjustment concerning interest on loans to Associated Enterprises. The Tribunal also directed the exclusion of unrealized exports from total turnover for Section 10B deduction. Additionally, the Tribunal directed the AO to tax only the net income in the case of prior period expenditure. The Tribunal remitted additional grounds of appeal to the AO for further adjudication. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373180