https://www.taxtmi.com/caselaws?id=295410 The Tribunal upheld the ld. CIT(A)'s decisions in the case. It confirmed that the consultancy charges were legitimate business expenditures, not related to a joint venture. Additionally, it ruled that losses from Non-EOUs do not need to be set off against profits of EOUs before computing deduction u/s 10B. Lastly, the Tribunal agreed that the interest rate charged by the assessee on funds advanced to AE was appropriate, dismissing the Revenue's appeal on all grounds. en-us Fri, 30 Aug 2013 00:00:00 +0530 Wed, 02 Jun 2021 17:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295410 The Tribunal upheld the ld. CIT(A)'s decisions in the case. It confirmed that the consultancy charges were legitimate business expenditures, not related to a joint venture. Additionally, it ruled that losses from Non-EOUs do not need to be set off against profits of EOUs before computing deduction u/s 10B. Lastly, the Tribunal agreed that the interest rate charged by the assessee on funds advanced to AE was appropriate, dismissing the Revenue's appeal on all grounds. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295410