Assessee's Self-Adjustment in Transfer Pricing Not Eligible for Section 10B Deduction, Says Tax Authority.

Assessee's Self-Adjustment in Transfer Pricing Not Eligible for Section 10B Deduction, Says Tax Authority. https://www.taxtmi.com/highlights?id=23634 There is no dispute that the assessee has under priced its services to AE’s and therefore made transfer pricing adjustment suo moto. This peculiar conduct of the assessee, if allowed to claim deduction u/s 10B of the Act will go against the legislative intention. - AT en-us Sat, 04 Jul 2015 08:23:44 +0530 Sat, 04 Jul 2015 08:23:44 +0530 TaxTMI RSS Generator Assessee's Self-Adjustment in Transfer Pricing Not Eligible for Section 10B Deduction, Says Tax Authority. https://www.taxtmi.com/highlights?id=23634 There is no dispute that the assessee has under priced its services to AE’s and therefore made transfer pricing adjustment suo moto. This peculiar conduct of the assessee, if allowed to claim deduction u/s 10B of the Act will go against the legislative intention. - AT Highlights Income Tax Sat, 04 Jul 2015 08:23:44 +0530 https://www.taxtmi.com/highlights?id=23634