https://www.taxtmi.com/caselaws?id=342794 Transfer pricing adjustment was sent back for verification because the rectification order under section 154 and the DRP directions had not been properly examined, while the Modvat credit addition under section 145A was deleted on the assessee's consistent exclusive accounting method. The disallowance under section 40(a)(ia) was also remitted for fresh verification of TDS details and challans before any final recomputation. The addition of notional interest on an interest-free deposit was deleted because the advance was linked to business premises and the proposed income was not supported by a concrete factual basis. en-us Fri, 28 Apr 2017 00:00:00 +0530 Mon, 08 May 2017 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342794 Transfer pricing adjustment was sent back for verification because the rectification order under section 154 and the DRP directions had not been properly examined, while the Modvat credit addition under section 145A was deleted on the assessee's consistent exclusive accounting method. The disallowance under section 40(a)(ia) was also remitted for fresh verification of TDS details and challans before any final recomputation. The addition of notional interest on an interest-free deposit was deleted because the advance was linked to business premises and the proposed income was not supported by a concrete factual basis. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342794