Hinduja Global Solutions Ltd. vs ADDITIONAL COMMISSIONER OF INCOMETAX

Whether Units II & III qualify as new independent units for deduction under Section 10A --- Held: Matter set aside to AO for fresh consideration. | Whether reallocation of common head office expenses by AO was justified --- Held: Matter set aside to AO for reconsideration with direction to add back originally allocated expenses first. | Whether transfer pricing adjustment on interest charged on loan to AE was justified --- Held: No, LIBOR rate should be benchmark, assessee's rate was higher, no adjustment warranted.