https://www.taxtmi.com/caselaws?id=409666 For AY 2010-11, the Tribunal directed the interest income from bank deposits for availing duty benefits under the Customs Act to be considered as business income of the relevant undertaking. For AY 2012-13, the Tribunal excluded certain companies and included others as comparable for transfer pricing adjustment, directing reassessment by the AO/TPO. The Tribunal also allowed the deduction of expenses on share buy-back and directed the charging of interest under Section 234C on the assessed income. The appeal for AY 2010-11 was partly allowed, and the appeal for AY 2012-13 was allowed with specific directions for reassessment. en-us Mon, 12 Jul 2021 00:00:00 +0530 Fri, 23 Jul 2021 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409666 For AY 2010-11, the Tribunal directed the interest income from bank deposits for availing duty benefits under the Customs Act to be considered as business income of the relevant undertaking. For AY 2012-13, the Tribunal excluded certain companies and included others as comparable for transfer pricing adjustment, directing reassessment by the AO/TPO. The Tribunal also allowed the deduction of expenses on share buy-back and directed the charging of interest under Section 234C on the assessed income. The appeal for AY 2010-11 was partly allowed, and the appeal for AY 2012-13 was allowed with specific directions for reassessment. Case-Laws Income Tax Mon, 12 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409666