https://www.taxtmi.com/caselaws?id=772785 ITAT Kolkata allowed partial relief to the assessee in a transfer pricing and deduction dispute. The tribunal upheld CIT(A)'s direction allowing Section 80-IA deduction against gross total income rather than business income alone, following SC precedent in Reliance Energy Limited. CSR donation disallowance under Section 80G was deleted, consistent with revenue's acceptance in subsequent assessment year. Club expenses were allowed as business expenditure given consistent past treatment. The matter was remanded to AO for fresh consideration of weighted deduction under Section 35(2)(ab) to allow opportunity for filing Form 3CL. en-us Tue, 10 Jun 2025 00:00:00 +0530 Wed, 11 Jun 2025 14:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772785 ITAT Kolkata allowed partial relief to the assessee in a transfer pricing and deduction dispute. The tribunal upheld CIT(A)'s direction allowing Section 80-IA deduction against gross total income rather than business income alone, following SC precedent in Reliance Energy Limited. CSR donation disallowance under Section 80G was deleted, consistent with revenue's acceptance in subsequent assessment year. Club expenses were allowed as business expenditure given consistent past treatment. The matter was remanded to AO for fresh consideration of weighted deduction under Section 35(2)(ab) to allow opportunity for filing Form 3CL. Case-Laws Income Tax Tue, 10 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772785