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2021 (3) TMI 1393 - AT - Income TaxTP Adjustment - comparable selection - HELD THAT:- Companies functionally dissimilar with that of assessee captive software development service providers need to be deselected as comparable. Turnover more than 200 crores and hence cannot be considered as good comparable companies. Disallowance u/s 40(a)(ia) - AR submitted that assessee had deducted tax under relevant provisions of the act. It has been also deposited with the government Treasury but same has not been verified - HELD THAT:- We remand this issue to Ld.AO for due verification of the TDS deducted in the light of records and documents filed by assessee. The Ld.AO shall verify the same and grant credit to the TDS against which tax has been deducted and deposited.
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