https://www.taxtmi.com/highlights?id=64874 TP Adjustment to the licence fees paid for time and billing software - Determination of arm's length price at Nil in grounds 1 & 2 and at Rs. 50 lakhs on ad hoc basis in ground 3 is contrary to the provisions of the Act. Resultantly, the benchmarking done by the assessee is more acceptable and the transactions of the assessee with its AE for the services availed is held to be at arm's length. - AT en-us Sat, 30 Jul 2022 19:16:28 +0530 Sat, 30 Jul 2022 19:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64874 TP Adjustment to the licence fees paid for time and billing software - Determination of arm's length price at Nil in grounds 1 & 2 and at Rs. 50 lakhs on ad hoc basis in ground 3 is contrary to the provisions of the Act. Resultantly, the benchmarking done by the assessee is more acceptable and the transactions of the assessee with its AE for the services availed is held to be at arm's length. - AT Highlights Income Tax Sat, 30 Jul 2022 19:16:28 +0530 https://www.taxtmi.com/highlights?id=64874