https://www.taxtmi.com/caselaws?id=200739 The Tribunal allowed the assessee's appeal regarding the computation of deduction under section 10A, directing that it should be calculated without setting off losses of other units. The Tribunal also ruled in favor of the assessee on setting off unabsorbed depreciation and losses before computing the deduction under section 10A. Regarding transfer pricing adjustments, the Tribunal held that interest rates for international transactions should be based on LIBOR. The issue of disallowance under section 14A was dismissed as not pressed. The Tribunal decided that disallowance under section 14A should not be added back when computing book profits under section 115JB. The Tribunal dismissed the addition of provision for bad and doubtful debts due to a change in the law. en-us Wed, 24 Feb 2016 00:00:00 +0530 Fri, 20 Apr 2018 10:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200739 The Tribunal allowed the assessee's appeal regarding the computation of deduction under section 10A, directing that it should be calculated without setting off losses of other units. The Tribunal also ruled in favor of the assessee on setting off unabsorbed depreciation and losses before computing the deduction under section 10A. Regarding transfer pricing adjustments, the Tribunal held that interest rates for international transactions should be based on LIBOR. The issue of disallowance under section 14A was dismissed as not pressed. The Tribunal decided that disallowance under section 14A should not be added back when computing book profits under section 115JB. The Tribunal dismissed the addition of provision for bad and doubtful debts due to a change in the law. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200739