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2018 (11) TMI 1879 - AT - Income TaxTP Adjustment - applying the CUP method - TPO accepted the claim of assessee in respect of the ‘Operational Support Services’ and the reimbursements - It was a submission that there was no need for the assessee to pay the ‘Management Fees’‘ and ‘Management Fees’ are more than technical services - HELD THAT:- As it is noticed that the issue in the appeal is squarely covered by the decision of the Co-ordinate Bench of this Tribunal in the case of M/s. Bonfigioli transmissions Private Limited. [2018 (5) TMI 2069 - ITAT CHENNA] respectfully following the decision of Co-ordinate Bench of this Tribunal, and as the assessee has proved the incurring of the expenditure on Management Fees, the addition, as made by the ld. A.O/TPO and confirmed by the Ld. CIT(A), stands deleted.
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