https://www.taxtmi.com/caselaws?id=386808 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal. It upheld the use of LIBOR rates for Arm's Length Price computation, deleted the disallowance under Section 14A, ruled that the reduction in liability from the buyback of FCCBs was not taxable under Section 41(1), and allowed deductions under Sections 10A, 10B, and 10AA without setting off losses from non-STP units. en-us Fri, 04 Oct 2019 00:00:00 +0530 Wed, 09 Oct 2019 07:34:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386808 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal. It upheld the use of LIBOR rates for Arm's Length Price computation, deleted the disallowance under Section 14A, ruled that the reduction in liability from the buyback of FCCBs was not taxable under Section 41(1), and allowed deductions under Sections 10A, 10B, and 10AA without setting off losses from non-STP units. Case-Laws Income Tax Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386808