https://www.taxtmi.com/caselaws?id=458924 ITAT Bangalore ruled in favor of the assessee on multiple issues. The tribunal deleted AMP transfer pricing adjustment and mark-up following precedents from Maruti Suzuki India Ltd. and Sony Ericsson Mobile Communications cases. For leave encashment deduction under Section 43B, the tribunal directed AO to allow deduction on actual payment basis, citing Hewlett Packard precedent. The TDS credit issue was remanded to AO for examination and appropriate credit grant per law. en-us Wed, 07 Dec 2022 00:00:00 +0530 Thu, 21 Nov 2024 19:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458924 ITAT Bangalore ruled in favor of the assessee on multiple issues. The tribunal deleted AMP transfer pricing adjustment and mark-up following precedents from Maruti Suzuki India Ltd. and Sony Ericsson Mobile Communications cases. For leave encashment deduction under Section 43B, the tribunal directed AO to allow deduction on actual payment basis, citing Hewlett Packard precedent. The TDS credit issue was remanded to AO for examination and appropriate credit grant per law. Case-Laws Income Tax Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458924