https://www.taxtmi.com/caselaws?id=281666 The Tribunal upheld the classification of the Indian company as an ITES provider for business support services to its Associate Enterprises. The transfer pricing adjustment was reduced to Rs. 4,06,06,491 after excluding certain comparables. In relation to U.K. visa processing services, the Tribunal directed a reconsideration of the internal CUP based on agreements with visa authorities, emphasizing a detailed and reasoned order by the Assessing Officer/Transfer Pricing Officer. The appeal was partly allowed for fresh consideration of comparables and internal CUPs, stressing the importance of thorough assessment. en-us Wed, 27 Apr 2016 00:00:00 +0530 Sat, 29 Jun 2019 22:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281666 The Tribunal upheld the classification of the Indian company as an ITES provider for business support services to its Associate Enterprises. The transfer pricing adjustment was reduced to Rs. 4,06,06,491 after excluding certain comparables. In relation to U.K. visa processing services, the Tribunal directed a reconsideration of the internal CUP based on agreements with visa authorities, emphasizing a detailed and reasoned order by the Assessing Officer/Transfer Pricing Officer. The appeal was partly allowed for fresh consideration of comparables and internal CUPs, stressing the importance of thorough assessment. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281666