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2017 (12) TMI 1465 - AT - Income TaxAdjustments made under section 10B(7) - restriction of claim of deduction under section 10A - profit margin shown by the assessee was higher than profit margin of the comparables selected by the assessee in its TP study report - Held that:- The issue arising in the present appeal is identical to the issue before the Tribunal in the case of M/s. Honeywell Automation India Ltd. Vs. DCIT (2015 (3) TMI 494 - ITAT PUNE)and following the same parity of reasoning, we find no merit in the orders of authorities below in restricting the claim of deduction under section 10A/10B of the Act and held that there is no merit in re-computing the deduction under section 10A of unit No.2, Pune in accordance with the provisions of section 10A(7) of the Act. Accordingly, we reverse the same and delete addition.
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