https://www.taxtmi.com/caselaws?id=406369 The Tribunal allowed the assessee's appeal by setting aside the disallowance of gift and sales promotion expenses, directing the application of the EURIBOR rate for interest on loans to Associated Enterprises. The additional ground on deduction of education cess was admitted for reconsideration by the AO. The Revenue's appeal challenging exemptions on income from the sale of scrap was dismissed due to low tax effect. en-us Tue, 23 Mar 2021 00:00:00 +0530 Mon, 12 Apr 2021 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406369 The Tribunal allowed the assessee's appeal by setting aside the disallowance of gift and sales promotion expenses, directing the application of the EURIBOR rate for interest on loans to Associated Enterprises. The additional ground on deduction of education cess was admitted for reconsideration by the AO. The Revenue's appeal challenging exemptions on income from the sale of scrap was dismissed due to low tax effect. Case-Laws Income Tax Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406369