Higher Employee Remuneration Cannot Be Rejected Solely Due to Lower Revenue

Advertisement ACIT Vs Matrix Power-(Wind) Pvt. Ltd. (ITAT Hyderabad) Transfer Pricing Adjustment Deleted Because PLR Held Appropriate Benchmark for Rupee-Denominated NCDs; Employee Remuneration Allowed Because AO Failed to Prove Expenditure Was Unreasonable or Non-Genuine; No Nexus Between Lower Revenue and Higher Employee Costs, ITAT Upholds Deletion of Disallowance; Rule 46A Objection Rejected Because Supporting Documents Were Not Treated as Additional Evidence. The Income Tax Appellate Tribunal (ITAT), Hyderabad, dismissed the Revenue’s appeal against the order of the Commissione...