https://www.taxtmi.com/highlights?id=88052 ITAT adjudicated multiple tax-related issues, primarily focusing on transfer pricing and income computation. The Tribunal rejected the Transfer Pricing Officer's Cost Plus Method (CPM) for benchmarking international transactions, following precedent from previous years. The Tribunal upheld the disallowance of double deduction arising from actuarial valuation gain, sustaining the Revenue's position. Regarding project provision cost, the Tribunal dismissed the Revenue's appeal, maintaining the Commissioner of Income Tax (Appeals) original finding. The decision comprehensively addressed technical tax computation matters, predominantly favoring procedural and methodological consistency in income assessment. en-us Mon, 05 May 2025 08:37:52 +0530 Mon, 05 May 2025 08:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88052 ITAT adjudicated multiple tax-related issues, primarily focusing on transfer pricing and income computation. The Tribunal rejected the Transfer Pricing Officer's Cost Plus Method (CPM) for benchmarking international transactions, following precedent from previous years. The Tribunal upheld the disallowance of double deduction arising from actuarial valuation gain, sustaining the Revenue's position. Regarding project provision cost, the Tribunal dismissed the Revenue's appeal, maintaining the Commissioner of Income Tax (Appeals) original finding. The decision comprehensively addressed technical tax computation matters, predominantly favoring procedural and methodological consistency in income assessment. Highlights Income Tax Mon, 05 May 2025 08:37:52 +0530 https://www.taxtmi.com/highlights?id=88052