Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (1) TMI 73 - AT - Income TaxRectification of Mistake - Rejection of comparable - assessee seeks inclusion of "I2T2 India Limited" as a comparable company - HELD THAT:- This company is functionally comparable and passes all filters applied by TPO. Treated to be a good comparable for a captive software development service company. AO has not granted credit of correct amount of advance tax, self assessment tax and TDS amounts - grievance of the assessee is that the AO has not granted credit of correct amount of Minimum Alternative Tax (MAT) u/s. 115JAA - HELD THAT:- We notice that the above said claims of the assessee require verification at the end of AO. Accordingly, we restore both the issues to the file of AO for examining the claim of the assessee and give credit of correct amount of claim by way of advance tax, self assessment tax, TDS amounts and MAT credit.
|