https://www.taxtmi.com/caselaws?id=396486 The appeal was partly allowed, with multiple issues remanded to the AO for fresh adjudication or verification. The Tribunal upheld certain disallowances, such as depreciation on non-compete fees, while allowing others, including interest disallowance under section 36(1)(iii). Transfer pricing adjustments were partly allowed, and the computation of book profit under section 115JB was remanded for reconsideration. Short grants of TDS and interest under section 244A were also remanded for verification. The decision was pronounced beyond the 90-day period due to COVID-19, aligning with the Tribunal's interpretation of applicable rules and precedents. en-us Mon, 22 Jun 2020 00:00:00 +0530 Fri, 08 Nov 2024 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396486 The appeal was partly allowed, with multiple issues remanded to the AO for fresh adjudication or verification. The Tribunal upheld certain disallowances, such as depreciation on non-compete fees, while allowing others, including interest disallowance under section 36(1)(iii). Transfer pricing adjustments were partly allowed, and the computation of book profit under section 115JB was remanded for reconsideration. Short grants of TDS and interest under section 244A were also remanded for verification. The decision was pronounced beyond the 90-day period due to COVID-19, aligning with the Tribunal's interpretation of applicable rules and precedents. Case-Laws Income Tax Mon, 22 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396486