https://www.taxtmi.com/caselaws?id=383569 Royalty payments, non-resident remittances and consultant charges were examined on the basis of the underlying agreements, payment nature and tax deduction records, and the matter was sent back for fresh verification where evidence was incomplete. Exhibition-related and China business expenses were disallowed because recipient details, purpose and supporting records were not furnished. Advertisement and sales promotion claims were also remitted for reconsideration due to absence of item-wise particulars. Deduction under section 80IB was directed for fresh examination with reference to the auditor's certificate and expenditure allocation for the eligible unit. For the relevant year, section 14A disallowance had to be computed on a reasonable basis, not under Rule 8D, and was restricted to 2% of exempt income. en-us Thu, 18 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383569 Royalty payments, non-resident remittances and consultant charges were examined on the basis of the underlying agreements, payment nature and tax deduction records, and the matter was sent back for fresh verification where evidence was incomplete. Exhibition-related and China business expenses were disallowed because recipient details, purpose and supporting records were not furnished. Advertisement and sales promotion claims were also remitted for reconsideration due to absence of item-wise particulars. Deduction under section 80IB was directed for fresh examination with reference to the auditor's certificate and expenditure allocation for the eligible unit. For the relevant year, section 14A disallowance had to be computed on a reasonable basis, not under Rule 8D, and was restricted to 2% of exempt income. Case-Laws Income Tax Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383569