https://www.taxtmi.com/caselaws?id=402125 The tribunal remanded the case back to the Assessing Officer (AO) for further examination regarding the disallowance of deduction u/s 10A for voluntary Transfer Pricing (T P) adjustments in the revised return. The AO was instructed to determine the relationship between prior period expenses and the income claimed for deduction to prevent double benefit. The appeal was allowed for statistical purposes, emphasizing the need for clarity on the expenses related to the income claimed for deduction before recalculating the eligible deduction u/s 10A. en-us Mon, 19 Oct 2020 00:00:00 +0530 Thu, 24 Dec 2020 11:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402125 The tribunal remanded the case back to the Assessing Officer (AO) for further examination regarding the disallowance of deduction u/s 10A for voluntary Transfer Pricing (T P) adjustments in the revised return. The AO was instructed to determine the relationship between prior period expenses and the income claimed for deduction to prevent double benefit. The appeal was allowed for statistical purposes, emphasizing the need for clarity on the expenses related to the income claimed for deduction before recalculating the eligible deduction u/s 10A. Case-Laws Income Tax Mon, 19 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402125