https://www.taxtmi.com/caselaws?id=263165 The tribunal upheld the First Appellate Order, ruling in favor of the assessee and dismissing the Revenue's challenge. The tribunal found that the deletion of the addition made by the Assessing Officer/TPO on account of a difference in the arm's length price of an international transaction was justified. It was determined that the expenses claimed for IT costs were necessary for the business operations, reasonable considering the turnover, and properly allocated without any markup. The tribunal concluded that the arm's length price of the services could not be deemed nil, supporting the assessee's position. en-us Mon, 17 Aug 2015 00:00:00 +0530 Fri, 28 Aug 2015 07:48:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263165 The tribunal upheld the First Appellate Order, ruling in favor of the assessee and dismissing the Revenue's challenge. The tribunal found that the deletion of the addition made by the Assessing Officer/TPO on account of a difference in the arm's length price of an international transaction was justified. It was determined that the expenses claimed for IT costs were necessary for the business operations, reasonable considering the turnover, and properly allocated without any markup. The tribunal concluded that the arm's length price of the services could not be deemed nil, supporting the assessee's position. Case-Laws Income Tax Mon, 17 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263165