https://www.taxtmi.com/caselaws?id=368617 The Tribunal upheld the decisions of the DRP and CIT(A), ruling that the TPO's determination of NIL Arm's Length Price (ALP) for intra-group IT services under the Cost Contribution Agreement was incorrect. The IT services were deemed essential for business purposes, not stewardship activities. The Tribunal stressed adherence to Indian Income Tax Act provisions and consistency in tax principles across assessment years. The Revenue's appeals were dismissed, affirming that the payments under the CCA were at arm's length and constituted reimbursements of actual costs, not taxable income. en-us Fri, 05 Oct 2018 00:00:00 +0530 Thu, 11 Oct 2018 09:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368617 The Tribunal upheld the decisions of the DRP and CIT(A), ruling that the TPO's determination of NIL Arm's Length Price (ALP) for intra-group IT services under the Cost Contribution Agreement was incorrect. The IT services were deemed essential for business purposes, not stewardship activities. The Tribunal stressed adherence to Indian Income Tax Act provisions and consistency in tax principles across assessment years. The Revenue's appeals were dismissed, affirming that the payments under the CCA were at arm's length and constituted reimbursements of actual costs, not taxable income. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368617