Wednesday, May 27, 2020

Voluntary Transfer Pricing adjustment eligible for Income Tax Deduction u/s 10AA: ITAT grants Relief to EY [Read Order]

Granting relief to EYBGS India Pvt. Ltd, an IT Company, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the amount of voluntary Transfer pricing adjustment shall be eligible for deduction under section 10AA of the Income Tax Act, 1961. The assessee, a 100% subsidiary of EYGI B.V., Netherlands, engaged in the business […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2TGIJ1C

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