https://www.taxtmi.com/caselaws?id=303960 The Tribunal allowed the appeal of the assessee in a case involving transfer pricing adjustments on royalty and interest on Compulsory Convertible Debentures (CCDs), disallowance of expenditure under Sections 14A and 40(a)(ia), and disallowance of foreign exchange loss. The Tribunal directed the deletion of disallowances under Sections 14A and 40(a)(ia) as the assessee had no exempt income and remanded the issue of non-deduction of tax at source for reconsideration. The Tribunal upheld the transfer pricing adjustments on royalty and interest on CCDs, as well as allowed the forex loss as a deduction. en-us Fri, 25 Feb 2022 00:00:00 +0530 Sun, 28 Aug 2022 12:56:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303960 The Tribunal allowed the appeal of the assessee in a case involving transfer pricing adjustments on royalty and interest on Compulsory Convertible Debentures (CCDs), disallowance of expenditure under Sections 14A and 40(a)(ia), and disallowance of foreign exchange loss. The Tribunal directed the deletion of disallowances under Sections 14A and 40(a)(ia) as the assessee had no exempt income and remanded the issue of non-deduction of tax at source for reconsideration. The Tribunal upheld the transfer pricing adjustments on royalty and interest on CCDs, as well as allowed the forex loss as a deduction. Case-Laws Income Tax Fri, 25 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303960