https://www.taxtmi.com/caselaws?id=437543 The appeal filed by the assessee was partly allowed, with several issues being remanded to the AO/TPO for fresh examination and appropriate adjustments as per the Tribunal's directions. The Tribunal upheld the imputation of notional interest on interest-free advances to associated enterprises, directed a restriction on corporate guarantee commission, and remanded issues such as purchase of raw materials, disallowances under Sections 14A and 36(1)(iii) of the Income Tax Act, advertisement and sales promotion expenditure, and adjustments pursuant to Project Spirit Report for reconsideration. The Tribunal dismissed the ground regarding the levy of interest under Section 234B of the Income Tax Act as consequential. en-us Tue, 22 Nov 2022 00:00:00 +0530 Mon, 08 May 2023 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437543 The appeal filed by the assessee was partly allowed, with several issues being remanded to the AO/TPO for fresh examination and appropriate adjustments as per the Tribunal's directions. The Tribunal upheld the imputation of notional interest on interest-free advances to associated enterprises, directed a restriction on corporate guarantee commission, and remanded issues such as purchase of raw materials, disallowances under Sections 14A and 36(1)(iii) of the Income Tax Act, advertisement and sales promotion expenditure, and adjustments pursuant to Project Spirit Report for reconsideration. The Tribunal dismissed the ground regarding the levy of interest under Section 234B of the Income Tax Act as consequential. Case-Laws Income Tax Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437543