https://www.taxtmi.com/caselaws?id=461622 HCTAX ruled on multiple transfer pricing and tax deduction issues. The court largely upheld the Tribunal's decision, finding no substantial legal questions in most issues. The court specifically admitted an appeal regarding interest deductibility under section 36(1)(iii), focusing on distinguishing between 'expansion' and 'extension' of business. Circuit accrual charges were deemed compliant with accounting standards and allowable in the year of creation. en-us Mon, 29 Jul 2024 00:00:00 +0530 Wed, 16 Apr 2025 20:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461622 HCTAX ruled on multiple transfer pricing and tax deduction issues. The court largely upheld the Tribunal's decision, finding no substantial legal questions in most issues. The court specifically admitted an appeal regarding interest deductibility under section 36(1)(iii), focusing on distinguishing between 'expansion' and 'extension' of business. Circuit accrual charges were deemed compliant with accounting standards and allowable in the year of creation. Case-Laws Income Tax Mon, 29 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461622