https://www.taxtmi.com/caselaws?id=440184 The High Court upheld the Tribunal's decision in favor of the appellant, dismissing the appeal filed by the revenue. The Court found no substantial question of law warranting consideration. The Tribunal's deletion of the management fees paid to foreign Associate Enterprises and the disallowance of management fees to a related party under Section 40(A)(2)(b) of the Income Tax Act were upheld, emphasizing commercial expediency and lack of evidence for tax evasion and profit diversion allegations. The Court highlighted the importance of consistency and finality in its decision. en-us Tue, 14 Feb 2023 00:00:00 +0530 Mon, 14 Aug 2023 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440184 The High Court upheld the Tribunal's decision in favor of the appellant, dismissing the appeal filed by the revenue. The Court found no substantial question of law warranting consideration. The Tribunal's deletion of the management fees paid to foreign Associate Enterprises and the disallowance of management fees to a related party under Section 40(A)(2)(b) of the Income Tax Act were upheld, emphasizing commercial expediency and lack of evidence for tax evasion and profit diversion allegations. The Court highlighted the importance of consistency and finality in its decision. Case-Laws Income Tax Tue, 14 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440184