ITAT Guwahati Judgments — June 2022

The tribunal noted the assessee's request to withdraw the appeal as there was no tax implication. The Departmental Representative did not object to the withdrawal.

The Tribunal dismissed the ground related to education cess as not pressed. It allowed the assessee's claim for exclusion of excise duty exemption as a capital receipt in computing book profit under Section 115JB. The Tribunal also upheld the deletion of transfer pricing adjustment made by the TPO.

The Tribunal dismissed the ground related to education cess as not pressed. It allowed the assessee's claim for exclusion of excise duty exemption as a capital receipt in computing book profit under Section 115JB. The Tribunal also upheld the deletion of transfer pricing adjustment made by the TPO.