https://www.taxtmi.com/caselaws?id=302124 Mutual Agreement Procedure margin settled for UK transactions may apply to non-UK international transactions where their nature and operating profile show no factual distinction, eliminating the transfer pricing adjustment. Finance-lease rentals for business vehicles, including the principal component on the stated facts, are deductible as revenue expenditure. Expat-salary reimbursements, liability write-backs and TDS credit require fresh factual verification where supporting material was not properly examined. For the Section 10A deduction, expenditure excluded from export turnover must also be excluded from total turnover; the Revenue's contrary position fails. en-us Mon, 25 Oct 2021 00:00:00 +0530 Thu, 05 May 2022 20:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302124 Mutual Agreement Procedure margin settled for UK transactions may apply to non-UK international transactions where their nature and operating profile show no factual distinction, eliminating the transfer pricing adjustment. Finance-lease rentals for business vehicles, including the principal component on the stated facts, are deductible as revenue expenditure. Expat-salary reimbursements, liability write-backs and TDS credit require fresh factual verification where supporting material was not properly examined. For the Section 10A deduction, expenditure excluded from export turnover must also be excluded from total turnover; the Revenue's contrary position fails. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302124