https://www.taxtmi.com/caselaws?id=306195 The Tribunal ruled in favor of the assessee, allowing the appeal on both the transfer pricing adjustment challenge and the disallowance under section 14A r.w.r.8D. The Tribunal concluded that the interest charged was at arm's length in the transfer pricing adjustment dispute, leading to the deletion of the addition. Additionally, the Tribunal found that the Assessing Officer did not provide proper justification for the disallowance under section 14A r.w.r.8D, resulting in the deletion of a significant portion of the disallowance and ultimately allowing the appeal. en-us Wed, 03 Mar 2021 00:00:00 +0530 Mon, 16 Jan 2023 20:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306195 The Tribunal ruled in favor of the assessee, allowing the appeal on both the transfer pricing adjustment challenge and the disallowance under section 14A r.w.r.8D. The Tribunal concluded that the interest charged was at arm's length in the transfer pricing adjustment dispute, leading to the deletion of the addition. Additionally, the Tribunal found that the Assessing Officer did not provide proper justification for the disallowance under section 14A r.w.r.8D, resulting in the deletion of a significant portion of the disallowance and ultimately allowing the appeal. Case-Laws Income Tax Wed, 03 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306195