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2020 (3) TMI 244 - AT - Income Tax
Deduction of liability of education cess - HELD THAT:- Education Cess, which is not disallowable item, on its payment, the cess is an allowable expenditure as per provision of section 40(a)(ii) of the Act. See M/S. BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LTD. [2019 (8) TMI 370 - ITAT PUNE]
TP Adjustment - comparable selection - HELD THAT:- Assessee company is engaged in the business of Software Development, Consultancy Services, and Technical Support Services, thus companies functionally dissimilar with that of assessee need to be deselected from final list.