https://www.taxtmi.com/caselaws?id=303893 The Tribunal partly allowed the Assessee's appeal, rejecting the claim for advertisement expenditure to Associate Enterprises due to lack of direct benefit to the Assessee. The Transfer Pricing addition on interest for interest-free advertisement advances was upheld based on the international transaction nature. Disallowance under Section 14A was partially allowed, directing 2% disallowance of exempted income. The issue of apportionment of common expenses for deduction under Section 80-IC was remitted for fresh consideration. The provision for doubtful advances was remitted for further examination due to insufficient evidence. en-us Mon, 03 Apr 2017 00:00:00 +0530 Tue, 23 Aug 2022 21:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303893 The Tribunal partly allowed the Assessee's appeal, rejecting the claim for advertisement expenditure to Associate Enterprises due to lack of direct benefit to the Assessee. The Transfer Pricing addition on interest for interest-free advertisement advances was upheld based on the international transaction nature. Disallowance under Section 14A was partially allowed, directing 2% disallowance of exempted income. The issue of apportionment of common expenses for deduction under Section 80-IC was remitted for fresh consideration. The provision for doubtful advances was remitted for further examination due to insufficient evidence. Case-Laws Income Tax Mon, 03 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303893