https://www.taxtmi.com/caselaws?id=397095 The Tribunal allowed the appeal for statistical purposes, directing the AO to verify the appellant's claims regarding the convertible foreign exchange and amend the assessment order accordingly. The upward adjustment for the notional guarantee fees was deleted based on the precedent set by the previous judgment in the appellant's own case and the decision in Siro Clinpharm Pvt Ltd vs. DCIT. The issues related to the upward adjustment of Rs. 27,11,550 and the use of CUP were not pressed by the appellant and therefore were not adjudicated. en-us Tue, 28 Jul 2020 00:00:00 +0530 Sat, 01 Aug 2020 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397095 The Tribunal allowed the appeal for statistical purposes, directing the AO to verify the appellant's claims regarding the convertible foreign exchange and amend the assessment order accordingly. The upward adjustment for the notional guarantee fees was deleted based on the precedent set by the previous judgment in the appellant's own case and the decision in Siro Clinpharm Pvt Ltd vs. DCIT. The issues related to the upward adjustment of Rs. 27,11,550 and the use of CUP were not pressed by the appellant and therefore were not adjudicated. Case-Laws Income Tax Tue, 28 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397095