https://www.taxtmi.com/caselaws?id=292881 The ITAT partially allowed the appeal challenging the correction of the order by the Commissioner of Income Tax for the assessment year 2014-15. The ITAT upheld the appellant's plea to adopt the 7.5% adjusted CLC/TLC ratio for computing taxable income, granting relief for interest and tax deductions. The disputed enhancement of the ratio, application of MAP outcomes, and penalty proceedings for inaccurate income particulars were key considerations in the decision. en-us Fri, 31 Jan 2020 00:00:00 +0530 Mon, 11 Jan 2021 19:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292881 The ITAT partially allowed the appeal challenging the correction of the order by the Commissioner of Income Tax for the assessment year 2014-15. The ITAT upheld the appellant's plea to adopt the 7.5% adjusted CLC/TLC ratio for computing taxable income, granting relief for interest and tax deductions. The disputed enhancement of the ratio, application of MAP outcomes, and penalty proceedings for inaccurate income particulars were key considerations in the decision. Case-Laws Income Tax Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292881