Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
ITAT held that income from distance learning courses is not taxable in India for AYs 2011-12, 2014-15, and 2016-17, consistent with prior judicial precedents. The tribunal deleted additions made by the Assessing Officer (AO) related to various service streams including physical publications, advertising space, and database access facility. For Clearing House Facility (ICH) services, the matter was remanded to the AO to verify the assessee's claim of services being provided directly outside India. Classroom training course income was directed to be adjusted in subsequent assessment year based on credit notes issued by the foreign entity, with no objection from the Department Representative.
ITAT held that income from distance learning courses is not taxable in India for AYs 2011-12, 2014-15, and 2016-17, consistent with prior judicial precedents. The tribunal deleted additions made by the Assessing Officer (AO) related to various service streams including physical publications, advertising space, and database access facility. For Clearing House Facility (ICH) services, the matter was remanded to the AO to verify the assessee's claim of services being provided directly outside India. Classroom training course income was directed to be adjusted in subsequent assessment year based on credit notes issued by the foreign entity, with no objection from the Department Representative.
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