https://www.taxtmi.com/caselaws?id=436957 The ITAT partly allowed the assessee's appeals while dismissing the Department's appeal. The decisions were in line with prior rulings and legal principles, affirming adjustments on arms length price of loan interest, late remittance of employee contributions, and disallowance of GDR issue expenses. However, the ITAT ruled in favor of the assessee on matters such as foreign exchange derivatives loss, loss on foreign currency fluctuation on working capital loan, and retrenchment compensation. The disallowance under section 40(a)(ia) was set aside for verification. en-us Wed, 15 Feb 2023 00:00:00 +0530 Mon, 24 Apr 2023 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436957 The ITAT partly allowed the assessee's appeals while dismissing the Department's appeal. The decisions were in line with prior rulings and legal principles, affirming adjustments on arms length price of loan interest, late remittance of employee contributions, and disallowance of GDR issue expenses. However, the ITAT ruled in favor of the assessee on matters such as foreign exchange derivatives loss, loss on foreign currency fluctuation on working capital loan, and retrenchment compensation. The disallowance under section 40(a)(ia) was set aside for verification. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436957