https://www.taxtmi.com/caselaws?id=456404 The ITAT Chennai held that the assessee's turnkey contract with Ford India was a single composite contract, not separate contracts, as all activities from engineering to commissioning were inextricably linked. The Tribunal found the assessee failed to provide basic information regarding invoices and income computations despite claiming erroneous calculations and double taxation. The assessee maintained no separate books for Indian operations, making accounting methods irrelevant. The ITAT directed the AO/TPO to provide another hearing opportunity for the assessee to submit complete invoice details and income computations across all contract heads and years, with the burden of proof on the assessee. The appeal was partly allowed for statistical purposes. en-us Fri, 17 Feb 2023 00:00:00 +0530 Tue, 23 Jul 2024 20:10:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456404 The ITAT Chennai held that the assessee's turnkey contract with Ford India was a single composite contract, not separate contracts, as all activities from engineering to commissioning were inextricably linked. The Tribunal found the assessee failed to provide basic information regarding invoices and income computations despite claiming erroneous calculations and double taxation. The assessee maintained no separate books for Indian operations, making accounting methods irrelevant. The ITAT directed the AO/TPO to provide another hearing opportunity for the assessee to submit complete invoice details and income computations across all contract heads and years, with the burden of proof on the assessee. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456404