Disallowance of excess deduction claimed u/s 10AA r.w.s 80IA(10) ...

Income Tax

September 18, 2019

Disallowance of excess deduction claimed u/s 10AA r.w.s 80IA(10) - AO observed that the Appellant earned more than 'ordinary profits' to its associated enterprise ('AE') - where net profit was shown by the assessee at 63%, there is no merit in applying the concept of OP/OC, which cannot be the basis for benchmarking the profits of any business - AT

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Disallowance of excess deduction claimed u/s 10AA r.w.s 80IA(10) ...

Income Tax

September 18, 2019

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