https://www.taxtmi.com/caselaws?id=253234 Transfer pricing benchmarking must follow functionally comparable companies and exclude distortive comparables, and the matter was to be recomputed in line with the earlier tribunal ruling. Deduction under section 10A was allowed for the STP unit because the claimed reconstruction objection was not sustained on the record. A disallowance under section 40(a)(ia) for short deduction of tax at source was deleted, as short deduction alone is not treated as failure to deduct tax. Expenditure on computer consumables, small accessories and repairs was treated as capital in nature, and the write-off of advances was disallowed for lack of supporting evidence. en-us Fri, 14 Nov 2014 00:00:00 +0530 Mon, 16 Feb 2015 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253234 Transfer pricing benchmarking must follow functionally comparable companies and exclude distortive comparables, and the matter was to be recomputed in line with the earlier tribunal ruling. Deduction under section 10A was allowed for the STP unit because the claimed reconstruction objection was not sustained on the record. A disallowance under section 40(a)(ia) for short deduction of tax at source was deleted, as short deduction alone is not treated as failure to deduct tax. Expenditure on computer consumables, small accessories and repairs was treated as capital in nature, and the write-off of advances was disallowed for lack of supporting evidence. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253234