https://www.taxtmi.com/caselaws?id=307301 The Tribunal partly allowed the appeal by the assessee, directing the AO to make adjustments and verifications as per its findings. The issues were adjudicated on merits, with the legal issue on the validity of the draft assessment order left open. The Tribunal made specific directions on transfer pricing adjustments, exclusion of royalty income, treatment of foreign currency expenses, foreign tax credit, and disallowance under section 14A. The judgment was pronounced on November 11, 2022. en-us Fri, 11 Nov 2022 00:00:00 +0530 Tue, 04 Apr 2023 20:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307301 The Tribunal partly allowed the appeal by the assessee, directing the AO to make adjustments and verifications as per its findings. The issues were adjudicated on merits, with the legal issue on the validity of the draft assessment order left open. The Tribunal made specific directions on transfer pricing adjustments, exclusion of royalty income, treatment of foreign currency expenses, foreign tax credit, and disallowance under section 14A. The judgment was pronounced on November 11, 2022. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307301