https://www.taxtmi.com/caselaws?id=359094 The ITAT partially allowed the assessee's appeal, directing the AO to delete the excessive disallowance under rule 8D(2)(iii) and sustain it at Rs. 50,000. The ITAT remanded the issue of unreconciled income for further examination due to lack of detailed reconciliation. Regarding the addition based on the TDS certificate, the ITAT instructed the AO to grant corresponding TDS credit to the assessee. The ITAT upheld the transfer pricing adjustment addition as the justification provided by the assessee lacked evidential support. Additionally, the ITAT allowed the claim for mark to market loss of forward contracts based on revaluation of export receivables. en-us Fri, 20 Apr 2018 00:00:00 +0530 Tue, 24 Apr 2018 09:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359094 The ITAT partially allowed the assessee's appeal, directing the AO to delete the excessive disallowance under rule 8D(2)(iii) and sustain it at Rs. 50,000. The ITAT remanded the issue of unreconciled income for further examination due to lack of detailed reconciliation. Regarding the addition based on the TDS certificate, the ITAT instructed the AO to grant corresponding TDS credit to the assessee. The ITAT upheld the transfer pricing adjustment addition as the justification provided by the assessee lacked evidential support. Additionally, the ITAT allowed the claim for mark to market loss of forward contracts based on revaluation of export receivables. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359094