Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (12) TMI 678 - AT - Income TaxTP Adjustment - AO found that the assessee has international transaction with its Associated Enterprises (AE) exceeding limit and hence, with prior approval of the Principal CIT, the matter was referred to the Deputy Commissioner of Income-tax(TP) - Comparable selection - HELD THAT:- Companies as different with software development services (SDS) as that of assessee need to be deselected from final list. The companies who have more than 25% RPT of sales were excluded. AR submitted that the assessee has made a claim of TDS and out of total TDS the AO has not granted the total credit and prayed for direction for granting for credit of TDS. We found that the assessee has raised this ground of appeal and we direct the AO to grant TDS credit as per Form 26AS and further interest u/s 234B has to be levied as per law.
|