https://www.taxtmi.com/caselaws?id=283320 The Tribunal allowed the appeal partly, directing the disallowance of overseas salaries paid to expatriates working in India. It also ruled in favor of the assessee regarding interest accrued/received by the Indian Permanent Establishment from its Head Office/overseas branches and addition on account of interest received on External Commercial Borrowings. The Tribunal restored the issue of taxability of interest on income tax refund for fresh consideration and directed the AO to address matters related to TDS credit, interest levies, and transfer pricing adjustments. The Tribunal dismissed the appeal on the applicable tax rate issue. Penalty proceedings were not specifically addressed. en-us Mon, 11 Jun 2018 00:00:00 +0530 Thu, 19 Sep 2019 08:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283320 The Tribunal allowed the appeal partly, directing the disallowance of overseas salaries paid to expatriates working in India. It also ruled in favor of the assessee regarding interest accrued/received by the Indian Permanent Establishment from its Head Office/overseas branches and addition on account of interest received on External Commercial Borrowings. The Tribunal restored the issue of taxability of interest on income tax refund for fresh consideration and directed the AO to address matters related to TDS credit, interest levies, and transfer pricing adjustments. The Tribunal dismissed the appeal on the applicable tax rate issue. Penalty proceedings were not specifically addressed. Case-Laws Income Tax Mon, 11 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283320