https://www.taxtmi.com/caselaws?id=414001 The Tribunal allowed the deduction under section 10A for income derived from training activity, considering it intricately connected to software export. The Tribunal also allowed the deduction for interest income from temporary parking of surplus funds, following a High Court precedent. Transfer pricing adjustments were deleted due to delays in receivables not benefiting related parties. The Tribunal upheld the inclusion of training activity income in turnover for deduction computation and rejected adjustments related to customization fees and guarantee commissions. The deletion of interest charged under section 234D was reversed, while adjustments on granting fees for loans to AEs were deleted. en-us Tue, 12 Oct 2021 00:00:00 +0530 Mon, 25 Oct 2021 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414001 The Tribunal allowed the deduction under section 10A for income derived from training activity, considering it intricately connected to software export. The Tribunal also allowed the deduction for interest income from temporary parking of surplus funds, following a High Court precedent. Transfer pricing adjustments were deleted due to delays in receivables not benefiting related parties. The Tribunal upheld the inclusion of training activity income in turnover for deduction computation and rejected adjustments related to customization fees and guarantee commissions. The deletion of interest charged under section 234D was reversed, while adjustments on granting fees for loans to AEs were deleted. Case-Laws Income Tax Tue, 12 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414001