https://www.taxtmi.com/caselaws?id=306420 The Tribunal partly allowed the assessee's appeal, directing the AO to restrict transfer pricing adjustments to international transactions with AEs, disallow R&D expenses benefiting foreign entities, reexamine payroll expenses, disallow unrealized foreign exchange losses on ECB loans, review product development expenses for capital vs. revenue nature, allow finance lease charges deduction, assess realized losses on foreign exchange fluctuations, reexamine interest expenditure to MSMEs, and grant set-off of business loss and unabsorbed depreciation as per law. The Tribunal emphasized detailed scrutiny and compliance with legal provisions. en-us Fri, 25 Feb 2022 00:00:00 +0530 Mon, 30 Jan 2023 09:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306420 The Tribunal partly allowed the assessee's appeal, directing the AO to restrict transfer pricing adjustments to international transactions with AEs, disallow R&D expenses benefiting foreign entities, reexamine payroll expenses, disallow unrealized foreign exchange losses on ECB loans, review product development expenses for capital vs. revenue nature, allow finance lease charges deduction, assess realized losses on foreign exchange fluctuations, reexamine interest expenditure to MSMEs, and grant set-off of business loss and unabsorbed depreciation as per law. The Tribunal emphasized detailed scrutiny and compliance with legal provisions. Case-Laws Income Tax Fri, 25 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306420