Section 10AA deduction eligible on voluntary transfer pricing adjustment

DCIT Vs EYBGS India Pvt. Ltd. (ITAT Bangalore) The issue under consideration is whether the officer is correct in rejecting claim for deduction u/s 10AA of the Act on the amount of transfer pricing adjustment voluntarily made by the assessee? In the present case, DRP took rejected transfer pricing adjustment and along with it Deduction u/s 10AA which is based on that adjustment with the reason that the assessee did not furnish the details as to how the  said figure was arrived at by the assessee. ITAT state that, the DRP was factually not correct in observing that the assessee did not furnish...