https://www.taxtmi.com/caselaws?id=395760 The Tribunal upheld the final assessment order after the Assessing Officer rectified it to comply with the Dispute Resolution Panel's directions. The Transfer Pricing adjustment for interest-free loans to the associated enterprise was confirmed using the Comparable Uncontrolled Price method. Disallowance under Section 14A was directed to be re-examined, ensuring it does not exceed exempt income. The disallowance of interest expenditure on interest-free advances was subject to the assessee's own funds exceeding the advances. Promotion and advertisement expenses were allowed as revenue expenditure. The disallowance of PF/ESI payments for belated remittance was directed to be deleted, and rectification was ordered for excess levy of interest and TDS/TCS credit issues. en-us Fri, 29 May 2020 00:00:00 +0530 Fri, 05 Jun 2020 12:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395760 The Tribunal upheld the final assessment order after the Assessing Officer rectified it to comply with the Dispute Resolution Panel's directions. The Transfer Pricing adjustment for interest-free loans to the associated enterprise was confirmed using the Comparable Uncontrolled Price method. Disallowance under Section 14A was directed to be re-examined, ensuring it does not exceed exempt income. The disallowance of interest expenditure on interest-free advances was subject to the assessee's own funds exceeding the advances. Promotion and advertisement expenses were allowed as revenue expenditure. The disallowance of PF/ESI payments for belated remittance was directed to be deleted, and rectification was ordered for excess levy of interest and TDS/TCS credit issues. Case-Laws Income Tax Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395760