https://www.taxtmi.com/caselaws?id=401790 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s findings that the assessee operated as a captive BPO service provider with minimal risks and limited functions under its holding company's guidance. The Tribunal agreed with the selection and rejection of comparable companies by the CIT(A), except for one rejected company. Additionally, the Tribunal upheld the deletion of the Arm's Length Price (ALP) adjustment, as the accepted comparables' margins indicated that the international transaction was at arm's length. Consequently, the Revenue's appeal was dismissed. en-us Tue, 20 Oct 2020 00:00:00 +0530 Wed, 16 Dec 2020 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401790 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s findings that the assessee operated as a captive BPO service provider with minimal risks and limited functions under its holding company's guidance. The Tribunal agreed with the selection and rejection of comparable companies by the CIT(A), except for one rejected company. Additionally, the Tribunal upheld the deletion of the Arm's Length Price (ALP) adjustment, as the accepted comparables' margins indicated that the international transaction was at arm's length. Consequently, the Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 20 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401790