Global e-Business Operations Private Limited , Bangalore Assistant Commissioner of Income Tax Circle-3(1)(2), Bangalore

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Last updated: 10 December 2020
Quick Summary
This Income Tax Appellate Tribunal (ITAT) ruling addresses an appeal by Global e-Business Operations Pvt. Ltd. against the Assistant Commissioner of Income Tax for the 2012-13 assessment year. The primary issues debated were the exclusion of two comparable companies (Infosys BPO Ltd and TCS E-Serve Limited) from the benchmarking analysis and the classification of foreign exchange gains or losses as operating income/expenses. The assessee, part of the HP group, provides ITES services and was compensated at cost plus 8%.

Court :
ITAT Bangalore

Brief :
The assessee has filed this appeal challenging the assessmentorder dated 23.01.2017 passed by the assessing officer u/s 143(3)r.w.s 144C of the Income-tax Act,1961 ['the Act' for short] for assessment year 2012-13 in pursuance of directions given by Ld Dispute Resolution Panel (DRP).

Citation :
IT(TP)A No.725/Bang/2017

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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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