https://www.taxtmi.com/caselaws?id=292197 The Tribunal partly allowed the assessee's appeal, directing the AO/TPO to recalculate interest on share application money and delete the notional interest on export receivables. It also ordered the deletion of additional disallowances under Section 14A due to lack of AO's satisfaction and excluded such disallowances from book profit calculations under Section 115JB. The Revenue's appeal was dismissed, underscoring the need for consistency and adherence to statutory requirements in transfer pricing and disallowance computations. en-us Fri, 31 May 2019 00:00:00 +0530 Wed, 13 Nov 2024 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292197 The Tribunal partly allowed the assessee's appeal, directing the AO/TPO to recalculate interest on share application money and delete the notional interest on export receivables. It also ordered the deletion of additional disallowances under Section 14A due to lack of AO's satisfaction and excluded such disallowances from book profit calculations under Section 115JB. The Revenue's appeal was dismissed, underscoring the need for consistency and adherence to statutory requirements in transfer pricing and disallowance computations. Case-Laws Income Tax Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292197