https://www.taxtmi.com/caselaws?id=208434 The Tribunal allowed the appeal for statistical purposes, directing fresh adjudication on the determination of Arm's Length Price (ALP) for the interest-free loan to the associated enterprise (AE) using the Comparable Uncontrolled Price (CUP) method. Additionally, the Tribunal instructed a reevaluation of the computation of deduction under Section 10B, emphasizing that the deduction should be calculated from the total income of the assessee without setting off losses from other units. The matter was remanded to the Assessing Officer for reconsideration in line with legal principles and judicial precedents. en-us Fri, 09 Dec 2011 00:00:00 +0530 Sat, 21 Jan 2012 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208434 The Tribunal allowed the appeal for statistical purposes, directing fresh adjudication on the determination of Arm's Length Price (ALP) for the interest-free loan to the associated enterprise (AE) using the Comparable Uncontrolled Price (CUP) method. Additionally, the Tribunal instructed a reevaluation of the computation of deduction under Section 10B, emphasizing that the deduction should be calculated from the total income of the assessee without setting off losses from other units. The matter was remanded to the Assessing Officer for reconsideration in line with legal principles and judicial precedents. Case-Laws Income Tax Fri, 09 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208434