https://www.taxtmi.com/caselaws?id=298590 The High Court of Karnataka held that interest on overdue receivables, when not recovered within the stipulated time, is not a separate international transaction but an integral part of the main sale transaction to the Associated Enterprise. The Tribunal's decision was upheld, treating the appeal as partly allowed for statistical purposes. In a separate case, the Court emphasized that appeals under section 260A are not maintainable unless there is evident perversity in the ITAT's findings. The Court dismissed the Revenue's appeals, stressing the need for consistent parameters in assessing appeals. The present appeal by the Appellants-Revenue was dismissed, with no costs imposed, as no substantial question of law arose. en-us Wed, 01 Aug 2018 00:00:00 +0530 Wed, 10 Nov 2021 21:04:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298590 The High Court of Karnataka held that interest on overdue receivables, when not recovered within the stipulated time, is not a separate international transaction but an integral part of the main sale transaction to the Associated Enterprise. The Tribunal's decision was upheld, treating the appeal as partly allowed for statistical purposes. In a separate case, the Court emphasized that appeals under section 260A are not maintainable unless there is evident perversity in the ITAT's findings. The Court dismissed the Revenue's appeals, stressing the need for consistent parameters in assessing appeals. The present appeal by the Appellants-Revenue was dismissed, with no costs imposed, as no substantial question of law arose. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298590