https://www.taxtmi.com/caselaws?id=281586 The Tribunal allowed the appeal in favor of the assessee, directing the AO to delete the addition made and allow the deduction under Section 10B as claimed. The Tribunal held that voluntary adjustments by the assessee to determine ALP should be considered for the deduction under Section 10B, distinguishing the AO's reliance on Section 92C(4). The decision followed the precedent set by the Karnataka High Court, referencing the case of I Gate Global Solutions Ltd. The appeal outcome favored the assessee, with the Tribunal overturning the lower authorities' orders. en-us Mon, 03 Dec 2018 00:00:00 +0530 Wed, 26 Jun 2019 06:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281586 The Tribunal allowed the appeal in favor of the assessee, directing the AO to delete the addition made and allow the deduction under Section 10B as claimed. The Tribunal held that voluntary adjustments by the assessee to determine ALP should be considered for the deduction under Section 10B, distinguishing the AO's reliance on Section 92C(4). The decision followed the precedent set by the Karnataka High Court, referencing the case of I Gate Global Solutions Ltd. The appeal outcome favored the assessee, with the Tribunal overturning the lower authorities' orders. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281586