https://www.taxtmi.com/caselaws?id=411842 The High Court upheld the company's eligibility for deduction under Section 10A of the Income Tax Act as an ITES company, allowing the concessional rate of fringe benefit tax (FBT) at 5%. The court determined that the company's activities, including content development and data processing, qualified for the deduction, aligning with the CBDT Notification's definition of ITES. The Tribunal's decision supported the company's position, emphasizing its activities and past judgments. Ultimately, the company's appeal was allowed, confirming its ITES status and entitlement to the concessional FBT rate. en-us Wed, 01 Sep 2021 00:00:00 +0530 Sat, 04 Sep 2021 08:29:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411842 The High Court upheld the company's eligibility for deduction under Section 10A of the Income Tax Act as an ITES company, allowing the concessional rate of fringe benefit tax (FBT) at 5%. The court determined that the company's activities, including content development and data processing, qualified for the deduction, aligning with the CBDT Notification's definition of ITES. The Tribunal's decision supported the company's position, emphasizing its activities and past judgments. Ultimately, the company's appeal was allowed, confirming its ITES status and entitlement to the concessional FBT rate. Case-Laws Income Tax Wed, 01 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411842