https://www.taxtmi.com/caselaws?id=400808 The Tribunal partly allowed the assessee's appeal, directing the exclusion of certain comparables based on turnover filter, consideration of provision for doubtful debts as operating expenses, and allowance of working capital adjustments. The matters of MAT credit and interest under Section 234C were remanded to the Assessing Officer for further review. The disallowance of additional depreciation was upheld as software development did not qualify as manufacturing or production under Section 32(1)(iia) of the Income-tax Act. The disallowance under Section 40(a)(i) for non-deduction of tax on payments to the AE was confirmed. en-us Mon, 02 Nov 2020 00:00:00 +0530 Thu, 19 Nov 2020 09:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400808 The Tribunal partly allowed the assessee's appeal, directing the exclusion of certain comparables based on turnover filter, consideration of provision for doubtful debts as operating expenses, and allowance of working capital adjustments. The matters of MAT credit and interest under Section 234C were remanded to the Assessing Officer for further review. The disallowance of additional depreciation was upheld as software development did not qualify as manufacturing or production under Section 32(1)(iia) of the Income-tax Act. The disallowance under Section 40(a)(i) for non-deduction of tax on payments to the AE was confirmed. Case-Laws Income Tax Mon, 02 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400808