https://www.taxtmi.com/caselaws?id=442587 The assessee's appeals for A.Y. 2009-10 and 2010-11 were partly allowed, with the grounds related to transfer pricing adjustments and penalty proceedings being dismissed or found premature. The revenue's appeals for the same assessment years were dismissed, with the tribunal upholding the allowance of interest expenditure under Section 57(iii) in both cases. The disallowance under Section 14A for A.Y. 2009-10 was deleted due to lack of proper satisfaction by the Assessing Officer, while for A.Y. 2010-11, the disallowance was admitted and upheld. The non-compliance of DRP directions regarding interest expenditure was restored to the AO for re-computation. en-us Wed, 30 Aug 2023 00:00:00 +0530 Tue, 05 Sep 2023 08:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442587 The assessee's appeals for A.Y. 2009-10 and 2010-11 were partly allowed, with the grounds related to transfer pricing adjustments and penalty proceedings being dismissed or found premature. The revenue's appeals for the same assessment years were dismissed, with the tribunal upholding the allowance of interest expenditure under Section 57(iii) in both cases. The disallowance under Section 14A for A.Y. 2009-10 was deleted due to lack of proper satisfaction by the Assessing Officer, while for A.Y. 2010-11, the disallowance was admitted and upheld. The non-compliance of DRP directions regarding interest expenditure was restored to the AO for re-computation. Case-Laws Income Tax Wed, 30 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442587