https://www.taxtmi.com/caselaws?id=765781 ITAT Pune held that DRP lacks jurisdiction to consider issues without proposed variations in Draft Assessment Order. Assessee's claim for deduction under section 80IAB for income from other sources and capital gains was rejected as it was not claimed in return of income, violating sections 80A(5) and 80AC requirements. Regarding transfer pricing adjustment on interest payments to parent company, both assessee's benchmarking method and TPO's use of SBI overdraft rates were deemed inappropriate. Matter remanded to TPO/AO for proper benchmarking analysis with opportunity of hearing to assessee. en-us Mon, 06 Jan 2025 00:00:00 +0530 Mon, 10 Feb 2025 07:50:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765781 ITAT Pune held that DRP lacks jurisdiction to consider issues without proposed variations in Draft Assessment Order. Assessee's claim for deduction under section 80IAB for income from other sources and capital gains was rejected as it was not claimed in return of income, violating sections 80A(5) and 80AC requirements. Regarding transfer pricing adjustment on interest payments to parent company, both assessee's benchmarking method and TPO's use of SBI overdraft rates were deemed inappropriate. Matter remanded to TPO/AO for proper benchmarking analysis with opportunity of hearing to assessee. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765781