IT/ILT : Observation of Tribunal that TP-provisions were inapplicable to assessee being a newly established undertaking in free trade zone claiming deduction under section 10A was a mere obiter which had not caused prejudice to revenue. Such finding was not a finding of fact. Though such an obiter appears to be made by Tribunal in ignorance of Proviso to sub-section (4) of section 92C, but there is no binding character of such findings or observations because as far as computation of income of
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182427/itat’s-observation-couldn’t-be-quashed-if-it-wasn’t-causing-any-prejudice-to-revenue-hc.aspx
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