https://www.taxtmi.com/caselaws?id=407985 The appeal was partly allowed for statistical purposes, with directions to the Transfer Pricing Officer (TPO) and Assessing Officer (AO) for proper verification and adjudication on the remanded issues. The Tribunal held in favor of the appellant regarding the disallowance of license fee and data service management charges, treating them as revenue expenditure. The issue of short grant of prepaid taxes and erroneous levy of interest was remanded back to the AO for proper verification and compliance with the law. en-us Thu, 20 May 2021 00:00:00 +0530 Thu, 27 May 2021 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407985 The appeal was partly allowed for statistical purposes, with directions to the Transfer Pricing Officer (TPO) and Assessing Officer (AO) for proper verification and adjudication on the remanded issues. The Tribunal held in favor of the appellant regarding the disallowance of license fee and data service management charges, treating them as revenue expenditure. The issue of short grant of prepaid taxes and erroneous levy of interest was remanded back to the AO for proper verification and compliance with the law. Case-Laws Income Tax Thu, 20 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407985