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Income Tax - Highlights / Catch Notes

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TP Adjustment on account of the Management fees and payment of ...

Income Tax

January 12, 2023

TP Adjustment on account of the Management fees and payment of R&D expenses - As regards, failure of the Assessee to provide service wise break-up of management fee, the Assessee had explained that the Assessee was being charged a lump sum fee for the management services and therefore, was not able to furnish the service-wise break up.TPO failed to take the same into consideration. - AT

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