https://www.taxtmi.com/caselaws?id=383618 The ITAT ruled in favor of the assessee, deleting Transfer Pricing (TP) adjustments related to export of finished goods, payment of royalty for technical know-how, interest on ECB loan, and availing of Information Systems services. The ITAT also directed the deletion of disallowances concerning employees' contribution to Provident Fund and dismissed the ground of 'Other Miscellaneous EG Expenses.' Penalty proceedings were not analyzed, and consequential interest was directed to be deleted based on the adjustments made. The appeal was partly allowed, with significant deletions of TP adjustments and disallowances. en-us Fri, 07 Jun 2019 00:00:00 +0530 Fri, 26 Jul 2019 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383618 The ITAT ruled in favor of the assessee, deleting Transfer Pricing (TP) adjustments related to export of finished goods, payment of royalty for technical know-how, interest on ECB loan, and availing of Information Systems services. The ITAT also directed the deletion of disallowances concerning employees' contribution to Provident Fund and dismissed the ground of 'Other Miscellaneous EG Expenses.' Penalty proceedings were not analyzed, and consequential interest was directed to be deleted based on the adjustments made. The appeal was partly allowed, with significant deletions of TP adjustments and disallowances. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383618