No Remand for AO’s Lapse: Section 80JJAA Claim Restored by ITAT

Schindler India Pvt. Ltd. Vs DCIT (ITAT Mumbai) Mumbai ITAT: APA Neutralises TP Disallowance; AO Can’t Re-Invoke s.37 on Covered Transactions; 80JJAA Deduction Allowed Assessee, engaged in design, supply, installation & commissioning of elevators & escalators, faced TP adjustment of ₹107.84 crore on royalty, IT support & SAP charges & management recharge, with TPO determining ALP at NIL on “need-rendition-benefit” premise. During appellate proceedings, Assessee placed on record a unilateral APA dated 15.10.2024 with CBDT covering FYs 2015-16 to 2019-20 including AY 2017...