https://www.taxtmi.com/caselaws?id=435116 The Tribunal allowed the assessee's appeal for statistical purposes, directing a fresh benchmarking analysis considering the associated enterprise as the tested party for transfer pricing adjustments. The issue of disallowance of custom duty paid for debonding and shifting assets was remanded for further examination. The disallowance under Section 14A of the Income Tax Act was partially allowed, with the Tribunal directing the deletion of interest expenditure disallowance. The disallowance of foreign exchange loss was also remanded for reevaluation to determine if it was indeed for hedging purposes. The Revenue's appeal was dismissed. en-us Tue, 26 Jul 2022 00:00:00 +0530 Sat, 11 Mar 2023 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435116 The Tribunal allowed the assessee's appeal for statistical purposes, directing a fresh benchmarking analysis considering the associated enterprise as the tested party for transfer pricing adjustments. The issue of disallowance of custom duty paid for debonding and shifting assets was remanded for further examination. The disallowance under Section 14A of the Income Tax Act was partially allowed, with the Tribunal directing the deletion of interest expenditure disallowance. The disallowance of foreign exchange loss was also remanded for reevaluation to determine if it was indeed for hedging purposes. The Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435116