https://www.taxtmi.com/caselaws?id=281123 The appeal filed by the assessee was partly allowed, with the Tribunal ruling in favor of the assessee on various grounds including the disallowance of Project Risk Expenses (PRE) and adjustment on account of notional interest on overdue receivables. However, the disallowance of expenditure under the heads 'communication and network services' and 'IT Infrastructure Services' was remitted back for further verification. The Tribunal also decided against the AO regarding the deduction under section 10A of the Act for expenses incurred in foreign exchange for providing technical services. The appeal of the AO was dismissed, and specific recalculations were directed by the Tribunal. en-us Wed, 13 Jan 2016 00:00:00 +0530 Wed, 05 Jun 2019 06:22:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281123 The appeal filed by the assessee was partly allowed, with the Tribunal ruling in favor of the assessee on various grounds including the disallowance of Project Risk Expenses (PRE) and adjustment on account of notional interest on overdue receivables. However, the disallowance of expenditure under the heads 'communication and network services' and 'IT Infrastructure Services' was remitted back for further verification. The Tribunal also decided against the AO regarding the deduction under section 10A of the Act for expenses incurred in foreign exchange for providing technical services. The appeal of the AO was dismissed, and specific recalculations were directed by the Tribunal. Case-Laws Income Tax Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281123