https://www.taxtmi.com/caselaws?id=292310 The Tribunal excluded Excel Infoways Ltd. as a comparable due to functional dissimilarity. Interest paid on delayed TDS was allowed as a deductible expense. Deductions under section 10A for various incomes were upheld. The addition of interest received from HDFC Bank was deleted for lack of evidence. Enhanced deduction under section 10A for disallowances and advances written off was permitted. The AO was directed to grant correct credit for TDS and advance tax. Interest under sections 234B & 234C was to be computed. The transfer pricing adjustment was deleted due to non-compliance with DRP directions. Revenue's appeals were dismissed, and cross objections by the assessee were allowed for statistical purposes. en-us Wed, 04 Sep 2019 00:00:00 +0530 Sat, 19 Dec 2020 06:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292310 The Tribunal excluded Excel Infoways Ltd. as a comparable due to functional dissimilarity. Interest paid on delayed TDS was allowed as a deductible expense. Deductions under section 10A for various incomes were upheld. The addition of interest received from HDFC Bank was deleted for lack of evidence. Enhanced deduction under section 10A for disallowances and advances written off was permitted. The AO was directed to grant correct credit for TDS and advance tax. Interest under sections 234B & 234C was to be computed. The transfer pricing adjustment was deleted due to non-compliance with DRP directions. Revenue's appeals were dismissed, and cross objections by the assessee were allowed for statistical purposes. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292310