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...
TDS credit cannot be denied merely because tax was deducted in the assessee's PAN for sale proceeds said to belong to another person, where the assessee was only a commission agent and the tax had in fact been deducted and deposited in the Government treasury. The Tribunal held that, on admitted facts, the assessee was entitled to credit of the amount actually deducted in his PAN. Section 199 read with Rule 37BA(2) did not justify refusal of credit on the ground that the underlying sale receipts belonged to the farmer; at most, the deduction was excessive, not non-creditable.
TDS credit cannot be denied merely because tax was deducted in the assessee's PAN for sale proceeds said to belong to another person, where the assessee was only a commission agent and the tax had in fact been deducted and deposited in the Government treasury. The Tribunal held that, on admitted facts, the assessee was entitled to credit of the amount actually deducted in his PAN. Section 199 read with Rule 37BA(2) did not justify refusal of credit on the ground that the underlying sale receipts belonged to the farmer; at most, the deduction was excessive, not non-creditable.
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