https://www.taxtmi.com/caselaws?id=458266 The ITAT Bangalore allowed the assessee's appeal on ESOP expenditure deduction under section 37, following precedent in Novo Nordisk India case. For dividend distribution tax refund claim under Indo-German DTAA, the matter was remanded to AO due to conflicting judicial views. The tribunal upheld disallowance of delayed PF contribution deposits per Supreme Court ruling in Checkmate Services. IND-AS adjustment ground was allowed for statistical purposes. TDS/TCS credit issue was directed for verification. On transfer pricing, the tribunal confirmed outstanding receivables from associated enterprises constitute separate international transactions requiring benchmarking, but allowed netting with payables and directed use of EUR LIBOR rate for interest computation on net receivables exceeding 30-day credit period. en-us Wed, 19 Apr 2023 00:00:00 +0530 Thu, 17 Oct 2024 20:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458266 The ITAT Bangalore allowed the assessee's appeal on ESOP expenditure deduction under section 37, following precedent in Novo Nordisk India case. For dividend distribution tax refund claim under Indo-German DTAA, the matter was remanded to AO due to conflicting judicial views. The tribunal upheld disallowance of delayed PF contribution deposits per Supreme Court ruling in Checkmate Services. IND-AS adjustment ground was allowed for statistical purposes. TDS/TCS credit issue was directed for verification. On transfer pricing, the tribunal confirmed outstanding receivables from associated enterprises constitute separate international transactions requiring benchmarking, but allowed netting with payables and directed use of EUR LIBOR rate for interest computation on net receivables exceeding 30-day credit period. Case-Laws Income Tax Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458266