https://www.taxtmi.com/highlights?id=94907 Appeal by assessee was partly allowed. ITAT held that separate TP benchmarking for royalty was unwarranted when TNMM was accepted for other international transactions; assessee's TNMM-based ALP for royalty was upheld. Exemption u/s 10AA and deduction u/s 80JJAA, disallowed by CPC for a return filed a few hours late due to portal glitches, were sustained as valid, the due-date condition not being applicable for A.Y. 2018-19. Disallowance u/s 14A as made by AO was upheld, but ITAT directed that such disallowance not be added while computing book profits u/s 115JB. Deduction u/s 35(2AB), correction of double taxation of LTCG, and recomputation of interest u/s 234C were remitted to AO/JAO for verification and fresh computation. en-us Wed, 10 Dec 2025 08:41:44 +0530 Wed, 10 Dec 2025 08:41:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94907 Appeal by assessee was partly allowed. ITAT held that separate TP benchmarking for royalty was unwarranted when TNMM was accepted for other international transactions; assessee's TNMM-based ALP for royalty was upheld. Exemption u/s 10AA and deduction u/s 80JJAA, disallowed by CPC for a return filed a few hours late due to portal glitches, were sustained as valid, the due-date condition not being applicable for A.Y. 2018-19. Disallowance u/s 14A as made by AO was upheld, but ITAT directed that such disallowance not be added while computing book profits u/s 115JB. Deduction u/s 35(2AB), correction of double taxation of LTCG, and recomputation of interest u/s 234C were remitted to AO/JAO for verification and fresh computation. Highlights Income Tax Wed, 10 Dec 2025 08:41:44 +0530 https://www.taxtmi.com/highlights?id=94907