https://www.taxtmi.com/caselaws?id=313183 ITAT Delhi remanded TP adjustment issue regarding imputed interest on outstanding receivables from AEs back to TPO for proper inquiry into transaction patterns and consideration of assessee's alternative arguments including excess service income recovery and LIBOR rate adoption. The Tribunal allowed assessee's claim for Section 80G deduction on donations made to eligible institutions as part of CSR obligations, ruling that compliance with Companies Act and voluntary disallowance of CSR expenditure entitled the deduction. However, disallowance of employees' PF and LWF contributions deposited beyond due dates was upheld following SC precedent in Checkmate Services case. en-us Fri, 13 Oct 2023 00:00:00 +0530 Thu, 28 Mar 2024 19:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313183 ITAT Delhi remanded TP adjustment issue regarding imputed interest on outstanding receivables from AEs back to TPO for proper inquiry into transaction patterns and consideration of assessee's alternative arguments including excess service income recovery and LIBOR rate adoption. The Tribunal allowed assessee's claim for Section 80G deduction on donations made to eligible institutions as part of CSR obligations, ruling that compliance with Companies Act and voluntary disallowance of CSR expenditure entitled the deduction. However, disallowance of employees' PF and LWF contributions deposited beyond due dates was upheld following SC precedent in Checkmate Services case. Case-Laws Income Tax Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313183