https://www.taxtmi.com/caselaws?id=305614 The Tribunal remitted the issue of upward adjustment on international transactions back to the CIT(A) for adjudication, emphasizing the need for a speaking order. The disallowance of interest expenses under section 36(1)(iii) was upheld based on consistency with a previous decision. The addition on account of royalty payment was approved as similar relief had been granted previously. The non-adjudication of a specific ground was referred back to the CIT(A) for consideration, resulting in a partial allowance of the appeal for statistical purposes. en-us Mon, 04 Mar 2019 00:00:00 +0530 Thu, 15 Dec 2022 10:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305614 The Tribunal remitted the issue of upward adjustment on international transactions back to the CIT(A) for adjudication, emphasizing the need for a speaking order. The disallowance of interest expenses under section 36(1)(iii) was upheld based on consistency with a previous decision. The addition on account of royalty payment was approved as similar relief had been granted previously. The non-adjudication of a specific ground was referred back to the CIT(A) for consideration, resulting in a partial allowance of the appeal for statistical purposes. Case-Laws Income Tax Mon, 04 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305614