https://www.taxtmi.com/caselaws?id=308422 The ITAT partially allowed the appeal, directing the AO to re-examine and verify multiple issues, including contradictory computation sheets, Dividend Distribution Tax demands, and transfer pricing adjustments. The Tribunal allowed the capitalization of salaries and wages as revenue expenditure and provided guidance on deductions under sections 10A, 10AA, and 10B. It upheld the disallowance of Education Cess due to legislative amendments and directed the AO to allow foreign tax credit and TDS credits per legal standards. The Tribunal also instructed the AO to reassess issues related to section 14A disallowances and foreign subsidiary investments. en-us Mon, 23 May 2022 00:00:00 +0530 Fri, 20 Dec 2024 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308422 The ITAT partially allowed the appeal, directing the AO to re-examine and verify multiple issues, including contradictory computation sheets, Dividend Distribution Tax demands, and transfer pricing adjustments. The Tribunal allowed the capitalization of salaries and wages as revenue expenditure and provided guidance on deductions under sections 10A, 10AA, and 10B. It upheld the disallowance of Education Cess due to legislative amendments and directed the AO to allow foreign tax credit and TDS credits per legal standards. The Tribunal also instructed the AO to reassess issues related to section 14A disallowances and foreign subsidiary investments. Case-Laws Income Tax Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308422