https://www.taxtmi.com/caselaws?id=306471 The Tribunal allowed the appeal of the appellant, directing the deletion of the upward adjustment of Rs. 1,28,41,639/-, the notional interest addition of Rs. 14,49,180/-, and the disallowance of foreign travel expenses amounting to Rs. 27,00,124. The judgment emphasized the importance of functional comparability in transfer pricing and the necessity for specific evidence when disallowing expenses. en-us Fri, 11 Nov 2016 00:00:00 +0530 Thu, 02 Feb 2023 08:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306471 The Tribunal allowed the appeal of the appellant, directing the deletion of the upward adjustment of Rs. 1,28,41,639/-, the notional interest addition of Rs. 14,49,180/-, and the disallowance of foreign travel expenses amounting to Rs. 27,00,124. The judgment emphasized the importance of functional comparability in transfer pricing and the necessity for specific evidence when disallowing expenses. Case-Laws Income Tax Fri, 11 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306471