https://www.taxtmi.com/caselaws?id=763325 ITAT Raipur ruled on transfer pricing adjustments under section 92CA(3) for interest payments to related parties. The tribunal held that since TPO and assessment orders were passed after April 1, 2017, following Finance Act 2017 amendments excluding specified domestic transactions from transfer pricing regulations per section 92BA(1) read with 40A(2)(b), the addition was unsustainable and directed deletion. However, the tribunal upheld section 40A(3) disallowance for cash payments to villagers and confirmed 5% adhoc disallowance on various expenses supported by self-made vouchers, dismissing the assessee's appeal on these grounds. en-us Fri, 13 Dec 2024 00:00:00 +0530 Tue, 17 Dec 2024 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763325 ITAT Raipur ruled on transfer pricing adjustments under section 92CA(3) for interest payments to related parties. The tribunal held that since TPO and assessment orders were passed after April 1, 2017, following Finance Act 2017 amendments excluding specified domestic transactions from transfer pricing regulations per section 92BA(1) read with 40A(2)(b), the addition was unsustainable and directed deletion. However, the tribunal upheld section 40A(3) disallowance for cash payments to villagers and confirmed 5% adhoc disallowance on various expenses supported by self-made vouchers, dismissing the assessee's appeal on these grounds. Case-Laws Income Tax Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763325