Service Agreement Found to Reduce Tax Liability; Support Services Expense Allocation Justified Based on Turnover.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....AO held that the services agreement between the assessee and its holding company has been entered into with the clear intention of reducing the tax liability of the assessee and increasing the non-taxable profits of SSL - allocation of support services expenses on the basis of turnover was justified - AT....