https://www.taxtmi.com/caselaws?id=428697 The Assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. The Tribunal's decisions were based on judicial precedents and the factual matrix of the case, ensuring legal consistency and fairness. The Transfer Pricing adjustments were deleted due to a time limitation issue, disallowance under Section 14A was partly allowed, while deductions for Foreign Exchange Loss and Gain were dismissed. The issue of Credit for TDS and TCS was remanded, and the computation of Total Demand was partially allowed. The levy of excess interest and retrospective application of the Second Proviso to Section 40(a)(ia) were disposed of accordingly. en-us Mon, 26 Sep 2022 00:00:00 +0530 Fri, 07 Oct 2022 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428697 The Assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. The Tribunal's decisions were based on judicial precedents and the factual matrix of the case, ensuring legal consistency and fairness. The Transfer Pricing adjustments were deleted due to a time limitation issue, disallowance under Section 14A was partly allowed, while deductions for Foreign Exchange Loss and Gain were dismissed. The issue of Credit for TDS and TCS was remanded, and the computation of Total Demand was partially allowed. The levy of excess interest and retrospective application of the Second Proviso to Section 40(a)(ia) were disposed of accordingly. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428697