https://www.taxtmi.com/caselaws?id=419610 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under section 10A of the Income-tax Act, 1961, amounting to Rs. 35,27,217/- in the case concerning an Export Oriented Unit providing IT Enabled services to Associated Enterprises. The Tribunal found that the excess deduction claimed by the assessee was justified under section 10A, considering the Arm's Length Price calculation and the non-taxability of the AEs in India. Relying on a precedent from the Pune Bench, the Tribunal dismissed the Revenue's appeal, emphasizing consistency with previous decisions. en-us Tue, 01 Mar 2022 00:00:00 +0530 Thu, 05 May 2022 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419610 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under section 10A of the Income-tax Act, 1961, amounting to Rs. 35,27,217/- in the case concerning an Export Oriented Unit providing IT Enabled services to Associated Enterprises. The Tribunal found that the excess deduction claimed by the assessee was justified under section 10A, considering the Arm's Length Price calculation and the non-taxability of the AEs in India. Relying on a precedent from the Pune Bench, the Tribunal dismissed the Revenue's appeal, emphasizing consistency with previous decisions. Case-Laws Income Tax Tue, 01 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419610