https://www.taxtmi.com/caselaws?id=415679 The Tribunal allowed both appeals of the assessee for statistical purposes. The disallowances of payment made to Quantum Asset Management Company as research fee and marketing and distribution fees paid to QIEF Management LLC were deleted. The Tribunal directed the Assessing Officer to verify the claim regarding the deductibility of education cess on income tax, restoring the matter for further verification. The decisions for Assessment Years 2013-14 were applied mutatis mutandis to Assessment Year 2014-15, with the grounds allowed in favor of the assessee for statistical purposes. en-us Wed, 10 Nov 2021 00:00:00 +0530 Sat, 11 Dec 2021 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415679 The Tribunal allowed both appeals of the assessee for statistical purposes. The disallowances of payment made to Quantum Asset Management Company as research fee and marketing and distribution fees paid to QIEF Management LLC were deleted. The Tribunal directed the Assessing Officer to verify the claim regarding the deductibility of education cess on income tax, restoring the matter for further verification. The decisions for Assessment Years 2013-14 were applied mutatis mutandis to Assessment Year 2014-15, with the grounds allowed in favor of the assessee for statistical purposes. Case-Laws Income Tax Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415679