https://www.taxtmi.com/caselaws?id=183544 The CIT(A) was largely upheld on various tax issues, including ALP adjustments, depreciation on imported software, and provisions for warranty, affirming the legitimacy of these business expenses. Issues regarding MODVAT credit, foreign tax credits, and software development centers outside India were remanded for further action. Deduction eligibility under sections 10A, 80HHC, and 80-IB was confirmed, with specific exclusions noted. The levy of interest under sections 234B and 234D was upheld as mandatory. Certain issues, such as the inclusion of miscellaneous income and foreign tax considerations, were remanded to the CIT(A) for further evaluation. en-us Fri, 30 Jan 2009 00:00:00 +0530 Wed, 22 May 2024 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183544 The CIT(A) was largely upheld on various tax issues, including ALP adjustments, depreciation on imported software, and provisions for warranty, affirming the legitimacy of these business expenses. Issues regarding MODVAT credit, foreign tax credits, and software development centers outside India were remanded for further action. Deduction eligibility under sections 10A, 80HHC, and 80-IB was confirmed, with specific exclusions noted. The levy of interest under sections 234B and 234D was upheld as mandatory. Certain issues, such as the inclusion of miscellaneous income and foreign tax considerations, were remanded to the CIT(A) for further evaluation. Case-Laws Income Tax Fri, 30 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183544