https://www.taxtmi.com/caselaws?id=400196 The appeal under Section 260-A of the Income Tax Act, 1961, concerning turnover filters in the software industry, comparability analysis of different companies, and related party transactions was disposed of. The counsel for the assessee indicated a mutual agreement between the competent authorities of the USA and India, leading to the Assessing Officer passing an order in line with the agreement. Consequently, the substantial legal questions in the appeal became academic, and the appeal was disposed of with liberty to be revived if necessary, recognizing the mutual agreement as a significant development in the case. en-us Fri, 23 Oct 2020 00:00:00 +0530 Fri, 30 Oct 2020 12:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400196 The appeal under Section 260-A of the Income Tax Act, 1961, concerning turnover filters in the software industry, comparability analysis of different companies, and related party transactions was disposed of. The counsel for the assessee indicated a mutual agreement between the competent authorities of the USA and India, leading to the Assessing Officer passing an order in line with the agreement. Consequently, the substantial legal questions in the appeal became academic, and the appeal was disposed of with liberty to be revived if necessary, recognizing the mutual agreement as a significant development in the case. Case-Laws Income Tax Fri, 23 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400196