https://www.taxtmi.com/caselaws?id=768934 ITAT Chennai allowed the assessee's appeal regarding transfer pricing adjustment and SEZ deduction. The Tribunal held that lower authorities erred in rejecting TNMM method as Most Appropriate Method for support services payment to Associated Enterprise, remitting the matter to AO for fresh consideration. Regarding Section 10AA deduction, the Tribunal ruled that warehousing, logistics and handling services provided to foreign customers fall within SEZ Act definition. The AO had previously accepted the deduction eligibility in multiple assessment years, making the disallowance inconsistent. The Tribunal directed deletion of Section 10AA disallowances. en-us Wed, 19 Mar 2025 00:00:00 +0530 Wed, 16 Apr 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768934 ITAT Chennai allowed the assessee's appeal regarding transfer pricing adjustment and SEZ deduction. The Tribunal held that lower authorities erred in rejecting TNMM method as Most Appropriate Method for support services payment to Associated Enterprise, remitting the matter to AO for fresh consideration. Regarding Section 10AA deduction, the Tribunal ruled that warehousing, logistics and handling services provided to foreign customers fall within SEZ Act definition. The AO had previously accepted the deduction eligibility in multiple assessment years, making the disallowance inconsistent. The Tribunal directed deletion of Section 10AA disallowances. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768934