https://www.taxtmi.com/caselaws?id=310333 The Tribunal condoned the 108-day delay in filing the Revenue's appeal, admitting it for adjudication. It upheld the deletion of transfer pricing adjustments on interest charged to Overseas AEs and disallowance of interest expenditure under Section 36(1)(iii). However, it reversed the deletion of disallowance for delayed ESIC payment under Section 36(1)(va), following a Supreme Court ruling. The Tribunal also upheld the deletion of disallowance under Section 14A read with Rule 8D due to the absence of exempt income. Ultimately, the Tribunal partially allowed the appeal, affirming the Commissioner (Appeals)'s decisions on key issues. en-us Tue, 28 Feb 2023 00:00:00 +0530 Mon, 16 Dec 2024 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310333 The Tribunal condoned the 108-day delay in filing the Revenue's appeal, admitting it for adjudication. It upheld the deletion of transfer pricing adjustments on interest charged to Overseas AEs and disallowance of interest expenditure under Section 36(1)(iii). However, it reversed the deletion of disallowance for delayed ESIC payment under Section 36(1)(va), following a Supreme Court ruling. The Tribunal also upheld the deletion of disallowance under Section 14A read with Rule 8D due to the absence of exempt income. Ultimately, the Tribunal partially allowed the appeal, affirming the Commissioner (Appeals)'s decisions on key issues. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310333