https://www.taxtmi.com/caselaws?id=458948 ITAT Mumbai ruled in favor of the assessee on multiple issues. The tribunal deleted disallowance under Section 14A as no exempt income was earned during the relevant year. Interest expenses under Section 36(1)(iii), roaming charges under Section 40(a)(ia), and discount to distributors were allowed based on consistent precedents. Deduction under Section 80IA was permitted for telecommunication services and other income. Transfer pricing adjustments for AMP expenditure were deleted due to lack of evidence of international transactions. Issues regarding brand royalty, technology support charges, and expense reimbursements were remanded for fresh consideration. Penalty paid to DoT was allowed as deductible business expenditure, and depreciation on 3G spectrum was permitted. en-us Fri, 17 May 2024 00:00:00 +0530 Fri, 22 Nov 2024 19:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458948 ITAT Mumbai ruled in favor of the assessee on multiple issues. The tribunal deleted disallowance under Section 14A as no exempt income was earned during the relevant year. Interest expenses under Section 36(1)(iii), roaming charges under Section 40(a)(ia), and discount to distributors were allowed based on consistent precedents. Deduction under Section 80IA was permitted for telecommunication services and other income. Transfer pricing adjustments for AMP expenditure were deleted due to lack of evidence of international transactions. Issues regarding brand royalty, technology support charges, and expense reimbursements were remanded for fresh consideration. Penalty paid to DoT was allowed as deductible business expenditure, and depreciation on 3G spectrum was permitted. Case-Laws Income Tax Fri, 17 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458948