https://www.taxtmi.com/caselaws?id=285838 The Tribunal allowed the assessee's appeal, rejecting transfer pricing adjustments for guarantee fees, disallowance under Section 14A, foreign exchange fluctuation loss, and interest on loans to associated enterprises. The Tribunal upheld disallowance of employee contributions towards PF & ESI and fresh claim of revenue expenditure. The issue of withholding tax on royalty income was remitted for further review. The Tribunal affirmed that disallowance under Section 14A cannot be added to book profit for MAT computation. en-us Fri, 22 Dec 2017 00:00:00 +0530 Wed, 29 Jan 2020 17:42:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285838 The Tribunal allowed the assessee's appeal, rejecting transfer pricing adjustments for guarantee fees, disallowance under Section 14A, foreign exchange fluctuation loss, and interest on loans to associated enterprises. The Tribunal upheld disallowance of employee contributions towards PF & ESI and fresh claim of revenue expenditure. The issue of withholding tax on royalty income was remitted for further review. The Tribunal affirmed that disallowance under Section 14A cannot be added to book profit for MAT computation. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285838