https://www.taxtmi.com/caselaws?id=460872 The ITAT Mumbai ruled on multiple transfer pricing and tax deduction issues. The tribunal directed AO/TPO to apply MAP order on remaining 4.02% transactions and delete additions, finding assessee's 16.63% margin at arm's length price. For Section 10A deduction, the tribunal allowed deduction before setting off unabsorbed depreciation and held interest income assessable under business income head. However, it ruled that Section 10A deduction on interest income should be proportionate by including interest in total turnover calculation. The TDS credit issue was remanded to AO for verification and appropriate credit determination. en-us Wed, 25 May 2016 00:00:00 +0530 Wed, 26 Feb 2025 22:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460872 The ITAT Mumbai ruled on multiple transfer pricing and tax deduction issues. The tribunal directed AO/TPO to apply MAP order on remaining 4.02% transactions and delete additions, finding assessee's 16.63% margin at arm's length price. For Section 10A deduction, the tribunal allowed deduction before setting off unabsorbed depreciation and held interest income assessable under business income head. However, it ruled that Section 10A deduction on interest income should be proportionate by including interest in total turnover calculation. The TDS credit issue was remanded to AO for verification and appropriate credit determination. Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460872