Increased income on account of voluntary TPA would be eligible for claiming deduction u/s 10AA – ITAT

DCIT Vs EYGBS (India) Private Limited (ITAT Bangalore)

In the matter abovementioned ITAT held that assessee is liable to claim deduction u/s 10AA can not be disallowed when

Assessee filed its return of income at Rs.100,26,18,189 after claiming deduction u/s. 10AA of Rs.44,89,19,404 and deduction under Chapter VIA of Rs.11,92,067. Assessee has claimed deduction u/s. 10AA after voluntary Transfer Pricing (TP) adjustment of Rs.9,50,00,000 pursuant to APA entered into and consequent to that the profits of the undertaking of SEZ unit eligible for deduction u/s. 10AA was computed

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