Transfer pricing comparables and operating income principles applied to software development services, with exclusions, inclusions, and tax credit ver...
Transfer pricing on performance guarantees and overdue receivables deleted where warranty obligations were embedded and working capital adjustment alr...
A genuine typographical error in the employer TAN entered in the return can be corrected in exceptional circumstances where the mistake has prevented TDS credit through the system. Although the assessee did not seek rectification within the prescribed time, the Tribunal allowed correction of the TAN particulars and directed the Assessing Officer to grant TDS credit if otherwise admissible under the Act. The relief was limited to permitting correction and ensuring credit only where the substantive entitlement was established.
A genuine typographical error in the employer TAN entered in the return can be corrected in exceptional circumstances where the mistake has prevented TDS credit through the system. Although the assessee did not seek rectification within the prescribed time, the Tribunal allowed correction of the TAN particulars and directed the Assessing Officer to grant TDS credit if otherwise admissible under the Act. The relief was limited to permitting correction and ensuring credit only where the substantive entitlement was established.
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