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2018 (1) TMI 89 - AT - Income TaxDisallowance on account of employees' contributions to Provident Fund paid after the due date - Held that:- Employee’s contribution to PF & ESI is also allowable both u/s 43B and 36(1)(va) if it is remitted to the Govt. A/c before filing of the return of income. See M/s. Nagarjuna Engineering Constructions vs. ACIT [2017 (12) TMI 936 - ITAT, Hyderabad] Adjustment made towards the ALP of the international transactions entered into by the assessee with its AEs - comparable selection criteria - Held that:- The assessee is engaged in the business of software development, thus companies functionally dissimilar with that of assessee need to be deselected from final list. Computation of deduction u/s 10A - Held that:- Exclude the telecommunication charges both from the export turnover as well as from the total turnover for the purposes of computation of deduction u/s 10A of the Act. We find that this issue is covered in favour of the assessee by the decision of the Hon'ble Karnataka High Court in the case of CIT Vs. Tata Elxsi Ltd. (2011 (8) TMI 782 - KARNATAKA HIGH COURT)
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