https://www.taxtmi.com/caselaws?id=268992 ITAT Mumbai (AT) held that the arm's-length mark-up of 14.38% determined for 96% of related ITES transactions applies to the remaining 4% as no factual distinction exists. The tribunal directed deduction under s.10A to be allowed before setting off brought-forward unabsorbed depreciation. Interest on bank deposits was held to be business income for tax purposes and must be included in total turnover so s.10A deduction is applied proportionately. For MAT under s.115JB, book profits are to be computed per Schedule VI of the Companies Act, not by applying Income-tax Act adjustments. en-us Mon, 30 Nov 2015 00:00:00 +0530 Sat, 15 Nov 2025 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268992 ITAT Mumbai (AT) held that the arm's-length mark-up of 14.38% determined for 96% of related ITES transactions applies to the remaining 4% as no factual distinction exists. The tribunal directed deduction under s.10A to be allowed before setting off brought-forward unabsorbed depreciation. Interest on bank deposits was held to be business income for tax purposes and must be included in total turnover so s.10A deduction is applied proportionately. For MAT under s.115JB, book profits are to be computed per Schedule VI of the Companies Act, not by applying Income-tax Act adjustments. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268992