https://www.taxtmi.com/caselaws?id=233692 The High Court dismissed the revenue's appeal, upholding the Income Tax Appellate Tribunal's decision. It clarified that installation and maintenance services were not considered international transactions, as they were deemed independent domestic agreements. The Tribunal found no need for adjustments to the arm's length price of international transactions, as the profit level indicator of the respondent was higher than that of comparables. The judgment emphasized the distinction between international and domestic transactions, affirming the Tribunal's stance on the nature of the services and the correctness of the adjustments. en-us Mon, 06 May 2013 00:00:00 +0530 Mon, 01 Jul 2013 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233692 The High Court dismissed the revenue's appeal, upholding the Income Tax Appellate Tribunal's decision. It clarified that installation and maintenance services were not considered international transactions, as they were deemed independent domestic agreements. The Tribunal found no need for adjustments to the arm's length price of international transactions, as the profit level indicator of the respondent was higher than that of comparables. The judgment emphasized the distinction between international and domestic transactions, affirming the Tribunal's stance on the nature of the services and the correctness of the adjustments. Case-Laws Income Tax Mon, 06 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233692