https://www.taxtmi.com/caselaws?id=412668 The Tribunal ruled in favor of the assessee by restricting disallowance under Section 14A to the amount of exempt income, deleting disallowance of depreciation on capital subsidy, and directing reconsideration of transfer pricing adjustments. The disallowance of performance rewards under Section 43B was upheld, and various issues were remanded back to the Assessing Officer/TPO for further review. en-us Wed, 01 Sep 2021 00:00:00 +0530 Thu, 23 Sep 2021 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412668 The Tribunal ruled in favor of the assessee by restricting disallowance under Section 14A to the amount of exempt income, deleting disallowance of depreciation on capital subsidy, and directing reconsideration of transfer pricing adjustments. The disallowance of performance rewards under Section 43B was upheld, and various issues were remanded back to the Assessing Officer/TPO for further review. Case-Laws Income Tax Wed, 01 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412668