https://www.taxtmi.com/caselaws?id=437299 The Tribunal concluded that the 5% markup policy for IT services rendered by the associated enterprise (AE) was consistent with international guidelines and the EU Joint Transfer Pricing Forum. It directed that no additional expenses beyond the 5% markup be permitted for support services. Furthermore, the Tribunal ordered that the appropriate deduction under section 80G and credit for taxes deducted at source (TDS) be granted. Consequently, the assessee's appeals were allowed, overturning the previous disallowances and adjustments made by the Revenue. en-us Fri, 03 Feb 2023 00:00:00 +0530 Wed, 13 Mar 2024 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437299 The Tribunal concluded that the 5% markup policy for IT services rendered by the associated enterprise (AE) was consistent with international guidelines and the EU Joint Transfer Pricing Forum. It directed that no additional expenses beyond the 5% markup be permitted for support services. Furthermore, the Tribunal ordered that the appropriate deduction under section 80G and credit for taxes deducted at source (TDS) be granted. Consequently, the assessee's appeals were allowed, overturning the previous disallowances and adjustments made by the Revenue. Case-Laws Income Tax Fri, 03 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437299