https://www.taxtmi.com/caselaws?id=398453 The Tribunal partly allowed the appeal, dismissing the general ground challenging the assessment order's validity and the ground disputing the levy of interest under Sections 234B and 234C. It upheld the assessee's argument regarding transfer pricing adjustments on interest on receivables, stating no adjustment was warranted. The Tribunal also directed the AO to verify and allow the foreign tax credit in accordance with the law. The decision was rendered on 07.09.2020. en-us Mon, 07 Sep 2020 00:00:00 +0530 Wed, 16 Sep 2020 14:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398453 The Tribunal partly allowed the appeal, dismissing the general ground challenging the assessment order's validity and the ground disputing the levy of interest under Sections 234B and 234C. It upheld the assessee's argument regarding transfer pricing adjustments on interest on receivables, stating no adjustment was warranted. The Tribunal also directed the AO to verify and allow the foreign tax credit in accordance with the law. The decision was rendered on 07.09.2020. Case-Laws Income Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398453