https://www.taxtmi.com/caselaws?id=779681 HC upheld the CIT(A) and Tribunal, holding that TP adjustments made pursuant to a CBDT-approved APA are binding and income computed on the ALP basis declared by the assessee qualifies for exemption under Section 10AA where the AO has not enhanced income under Section 92C. The proviso to Section 92C(4) does not apply to voluntary APA-based adjustments. The adhoc 10% disallowance under Section 14A on dividend income was set aside for lack of tangible basis. No substantial question of law arises. en-us Fri, 12 Sep 2025 00:00:00 +0530 Fri, 10 Oct 2025 08:44:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779681 HC upheld the CIT(A) and Tribunal, holding that TP adjustments made pursuant to a CBDT-approved APA are binding and income computed on the ALP basis declared by the assessee qualifies for exemption under Section 10AA where the AO has not enhanced income under Section 92C. The proviso to Section 92C(4) does not apply to voluntary APA-based adjustments. The adhoc 10% disallowance under Section 14A on dividend income was set aside for lack of tangible basis. No substantial question of law arises. Case-Laws Income Tax Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779681