Alleged liability of Genpact India under Sections 115-QA and 115-QB of the Income Tax Act, 1961

Last updated: 11 September 2021
Quick Summary
This case before the Income Tax Appellate Tribunal (ITAT) Delhi concerned Genpact India's tax liability under Sections 115-QA and 115-QB of the Income Tax Act, 1961, for the assessment year 2014-15. The Tribunal dismissed the Revenue's appeal (ITA No. 379/DEL/2018) and rendered the assessee's appeal (ITA No. 472/DEL/2018) non-existent. The ruling addressed issues including the taxability of interest on employee loans and eligibility for deductions under Sections 10A and 10AA.

Court :
ITAT Delhi

Brief :
The above cross appeals by the assessee and revenue are preferred against the order of the Commissioner of Income Tax [Appeals] - 35, New Delhi dated 25.10.2017 pertaining to Assessment Year 2014-15.

Citation :
ITA No. 379/DEL/2018 [A.Y 2014-15]

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