https://www.taxtmi.com/caselaws?id=773204 The ITAT Mumbai upheld CIT(A)'s deletion of transfer pricing adjustment on Global Client Management Fees paid by assessee to its Danish AE. The Tribunal found that ISS World Service A/S Denmark legitimately provided global client management services to assessee for serving large corporate clients in India. Following consistent decisions in assessee's cases for AY 2015-16 and 2016-17, the TPO's 50% ad hoc adjustment was deleted. However, regarding section 14A disallowance computation, the matter was restored to AO for fresh consideration after accepting assessee's dividend income exemption claim. en-us Mon, 16 Jun 2025 00:00:00 +0530 Thu, 19 Jun 2025 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773204 The ITAT Mumbai upheld CIT(A)'s deletion of transfer pricing adjustment on Global Client Management Fees paid by assessee to its Danish AE. The Tribunal found that ISS World Service A/S Denmark legitimately provided global client management services to assessee for serving large corporate clients in India. Following consistent decisions in assessee's cases for AY 2015-16 and 2016-17, the TPO's 50% ad hoc adjustment was deleted. However, regarding section 14A disallowance computation, the matter was restored to AO for fresh consideration after accepting assessee's dividend income exemption claim. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773204