https://www.taxtmi.com/caselaws?id=397230 The appeal was partly allowed with specific disallowances and adjustments being deleted or remanded for fresh consideration. The disallowance under Section 14A for administrative expenses was upheld, while disallowance for interest expenses was deleted. The disallowance related to the reduction of share capital was deleted as revenue expenditure. The upward adjustment for AMP expenses was deleted due to lack of evidence of an agreement obliging incurring such expenses. The upward adjustment for provision of R&D/testing services was remanded for re-examination of comparables and consideration of appellant's contentions. The additional ground regarding profit revision was deemed infructuous. en-us Fri, 31 Jul 2020 00:00:00 +0530 Wed, 15 Jul 2026 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397230 The appeal was partly allowed with specific disallowances and adjustments being deleted or remanded for fresh consideration. The disallowance under Section 14A for administrative expenses was upheld, while disallowance for interest expenses was deleted. The disallowance related to the reduction of share capital was deleted as revenue expenditure. The upward adjustment for AMP expenses was deleted due to lack of evidence of an agreement obliging incurring such expenses. The upward adjustment for provision of R&D/testing services was remanded for re-examination of comparables and consideration of appellant's contentions. The additional ground regarding profit revision was deemed infructuous. Case-Laws Income Tax Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397230