https://www.taxtmi.com/caselaws?id=310511 The ITAT PUNE held that no transfer pricing adjustment was required for IT service charges received by a foreign company from Indian entities for desktop/laptop software licenses and internet mail services. The Tribunal found that where cost allocation based on estimates was used and actual cost allocation would result in erosion of India's tax base, no adjustment should be made. The Tribunal noted that in similar assessment years, authorities made no adjustments for identical transactions. The addition made by lower authorities was deleted, allowing the assessee's appeal. en-us Fri, 29 Jul 2016 00:00:00 +0530 Sat, 28 Oct 2023 12:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310511 The ITAT PUNE held that no transfer pricing adjustment was required for IT service charges received by a foreign company from Indian entities for desktop/laptop software licenses and internet mail services. The Tribunal found that where cost allocation based on estimates was used and actual cost allocation would result in erosion of India's tax base, no adjustment should be made. The Tribunal noted that in similar assessment years, authorities made no adjustments for identical transactions. The addition made by lower authorities was deleted, allowing the assessee's appeal. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310511