https://www.taxtmi.com/caselaws?id=464191 ITAT held that the ALP adjustment made pursuant to the APA increased the undertaking's business profits and those increased profits qualify for deduction under s.10AA; the proviso to s.92C(4) does not bar the claim. On s.14A/read with rule 8D, ITAT upheld the CIT(A)'s finding that no disallowance was warranted because the investments were redeemed in the year and there was no opening or closing balance. Revenue's appeals dismissed. en-us Fri, 08 Nov 2024 00:00:00 +0530 Thu, 09 Oct 2025 20:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464191 ITAT held that the ALP adjustment made pursuant to the APA increased the undertaking's business profits and those increased profits qualify for deduction under s.10AA; the proviso to s.92C(4) does not bar the claim. On s.14A/read with rule 8D, ITAT upheld the CIT(A)'s finding that no disallowance was warranted because the investments were redeemed in the year and there was no opening or closing balance. Revenue's appeals dismissed. Case-Laws Income Tax Fri, 08 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464191