https://www.taxtmi.com/caselaws?id=420366 The Tribunal allowed the appeal in favor of the Assessee, setting aside the Principal Commissioner of Income-tax's order under Section 263. It held that the assessment orders were not erroneous or prejudicial to revenue's interests. The key issue was the applicability of Section 92C(4) regarding deduction under Section 10A, with the Tribunal concluding that the deduction was not enhanced due to transfer pricing adjustments, thus the proviso did not apply. en-us Wed, 30 Mar 2022 00:00:00 +0530 Fri, 01 Apr 2022 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420366 The Tribunal allowed the appeal in favor of the Assessee, setting aside the Principal Commissioner of Income-tax's order under Section 263. It held that the assessment orders were not erroneous or prejudicial to revenue's interests. The key issue was the applicability of Section 92C(4) regarding deduction under Section 10A, with the Tribunal concluding that the deduction was not enhanced due to transfer pricing adjustments, thus the proviso did not apply. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420366