The assessee, a subsidiary of a Netherlands based company, was engaged in the business of providing back office support services, in the nature of information technology enabled services to its associated enterprises. The assessee was remunerated at \u201ccost plus\u201d basis for the services provided to its associated enterprises. For the assessment year 2012-13, the assessee had made a transfer pricing adjustment voluntarily and added it to the total income. The assessee also claimed deduction under section\u00a010AA\u00a0of the\u00a0Income-tax Act, 1961\u00a0on the profits of business arrived at after inclusion of transfer pricing adjustment.\u00a0 Tribunal held that deduction is available in respect of transfer pricing adjustment made by the assessee. (AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 10AA : Special economic zones-Transfer pricing adjustment-Deduction allowable. [S. 92C] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-17956","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4FC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=17956"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17956\/revisions"}],"predecessor-version":[{"id":17957,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17956\/revisions\/17957"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}