https://www.taxtmi.com/caselaws?id=776845 ITAT held that interest on FCCDs should be benchmarked using domestic PLR, directing AO/TPO to recompute ALP accordingly. Rental income from letting of commercial property and allied services was held to be taxable as business income (profits and gains of business or profession) and AO was directed to recompute income under that head. Claim for deduction under s.80IAB was denied: the assessee was not a "developer" and did not fall within the second proviso to s.80IAB(2), so no deduction under s.80IAB was allowed. en-us Fri, 23 May 2025 00:00:00 +0530 Wed, 20 Aug 2025 08:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776845 ITAT held that interest on FCCDs should be benchmarked using domestic PLR, directing AO/TPO to recompute ALP accordingly. Rental income from letting of commercial property and allied services was held to be taxable as business income (profits and gains of business or profession) and AO was directed to recompute income under that head. Claim for deduction under s.80IAB was denied: the assessee was not a "developer" and did not fall within the second proviso to s.80IAB(2), so no deduction under s.80IAB was allowed. Case-Laws Income Tax Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776845