https://www.taxtmi.com/caselaws?id=388159 The Tribunal directed the Assessing Officer to verify if State taxes paid overseas are eligible for relief under section 90 of the Act. It upheld the capital nature of expenditure on software for internal use but remanded the issue of software acquired for trading purposes for fresh adjudication. The Tribunal allowed foreign tax credit for income from section 10A/10AA eligible units except for taxes paid in Finland and Canada. It upheld decisions on transfer pricing adjustments, guarantee provisions, and exemption claims under sections 10A and 80HHE. The Tribunal also upheld the deletion of disallowance of commission paid to non-residents and the reduction of foreign currency expenditure from export turnover under sections 10A/10AA. en-us Wed, 30 Oct 2019 00:00:00 +0530 Fri, 08 Nov 2019 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388159 The Tribunal directed the Assessing Officer to verify if State taxes paid overseas are eligible for relief under section 90 of the Act. It upheld the capital nature of expenditure on software for internal use but remanded the issue of software acquired for trading purposes for fresh adjudication. The Tribunal allowed foreign tax credit for income from section 10A/10AA eligible units except for taxes paid in Finland and Canada. It upheld decisions on transfer pricing adjustments, guarantee provisions, and exemption claims under sections 10A and 80HHE. The Tribunal also upheld the deletion of disallowance of commission paid to non-residents and the reduction of foreign currency expenditure from export turnover under sections 10A/10AA. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388159