No Double Taxation: ITAT Pune Deletes ICDS and Provision Reversal Additions Due to Consistent Accounting

ACIT Vs Alfa Laval India Pvt. Ltd. (ITAT Pune) When Facts & Consistency Matter: Tribunal Slams TP Adjustment, ICDS Addition & Provision Taxation- No Double Tax, No Arbitrary Additions;  Benchmarking Battle Ends: Consistent Method, Consistent Relief: Assessee, a leading manufacturer & trader of heat transfer, separation & fluid handling equipment, filed its return of income declaring ₹246.57 crores. The case was selected for scrutiny on various issues including international transactions. AO referred the matter to TPO, who rejected the TNMM applied by Assessee for benchmarkin...