IT - Bad debts written off cannot be factor to determine ALP of any international transaction [ITAT-Mum.] : Source : www.taxmann.com
IT-BBC worldwide has no PE in India, its Indian agent is remunerated on an arm’s length basis which extinguishes any further tax liability on it [ITAT-Del.]
IT - Interest earned by a co-op. credit society on surplus funds cannot fall within "profits and gains of business" mentioned in section 80P(2) [SC] : taxmann.com
IT - Commission payment to whole time directors of a company is an allowable expenditure [ITAT-Del.} : Source : www.taxmann.com
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