https://www.taxtmi.com/caselaws?id=195569 The appeal was partly allowed with specific directions given for each issue raised in the judgment. The tribunal dismissed transfer pricing adjustments in two segments as they were not pressed by the assessee. The High Court ruled in favor of the assessee regarding the disallowance under Section 40(a)(i) for Management services fees. The tribunal directed the exclusion of certain expenses from 'Total turnover' for deduction under Section 10A. It also overturned the allocation of interest income for deduction under Section 10A and dismissed the ground on the computation of book profit under Section 115JB. The AO was directed to verify credit for advance tax and issues related to the levy of interest under sections 234B and 234C for computation of total tax liability. en-us Fri, 04 Nov 2016 00:00:00 +0530 Sat, 04 Nov 2017 10:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195569 The appeal was partly allowed with specific directions given for each issue raised in the judgment. The tribunal dismissed transfer pricing adjustments in two segments as they were not pressed by the assessee. The High Court ruled in favor of the assessee regarding the disallowance under Section 40(a)(i) for Management services fees. The tribunal directed the exclusion of certain expenses from 'Total turnover' for deduction under Section 10A. It also overturned the allocation of interest income for deduction under Section 10A and dismissed the ground on the computation of book profit under Section 115JB. The AO was directed to verify credit for advance tax and issues related to the levy of interest under sections 234B and 234C for computation of total tax liability. Case-Laws Income Tax Fri, 04 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195569