https://www.taxtmi.com/caselaws?id=280320 The Tribunal ruled in favor of the assessee in the case. It directed the deletion of the addition under Section 92CA(3) as the method used by the Transfer Pricing Officer was not in line with prescribed methods. The disallowance under Section 14A was remitted for fresh consideration, with a direction to reconsider a 0.5% disallowance on investments yielding exempt income. The disallowance of deduction under Section 80IA for future years was set aside due to the absence of a claim for the current year and lack of separate books of account. en-us Thu, 04 Oct 2018 00:00:00 +0530 Tue, 30 Apr 2019 20:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280320 The Tribunal ruled in favor of the assessee in the case. It directed the deletion of the addition under Section 92CA(3) as the method used by the Transfer Pricing Officer was not in line with prescribed methods. The disallowance under Section 14A was remitted for fresh consideration, with a direction to reconsider a 0.5% disallowance on investments yielding exempt income. The disallowance of deduction under Section 80IA for future years was set aside due to the absence of a claim for the current year and lack of separate books of account. Case-Laws Income Tax Thu, 04 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280320