DCIT, Bangalore Vs Sri. Jivheshwara Credit Co-Operative Society Ltd.,, Bangalore

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Last updated: 30 October 2020
Quick Summary
This case involves cross-appeals by the Revenue and the assessee (formerly Aztecsoft, now Mindtree) concerning the assessment year 2005-06. The key issues are the deduction of satellite link charges from total turnover when calculating deductions under Section 10A of the Income Tax Act, and adjustments made by the Transfer Pricing Officer (TPO). The TPO rejected the assessee's transfer pricing study, citing discrepancies, and used the Transactional Net Margin Method (TNMM) to determine profit levels.

Court :
ITAT Bangalore

Brief :
These cross appeals are directed against the order dated 24-04-2014 passed by Ld CIT(A)-IV, Bangalore and they relate to the assessment year 2005-06.

Citation :
IT(TP)A No.349/Bang/2014

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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