M/s Fidelity Business Services India Private Limited , Bangalore vs Assistant Commissioner of Income Tax Circle-3(1)(1), Bangalore


Quick Summary
This appeal by M/s. Fidelity Business Services India Pvt. Ltd. concerns the determination of the Arm's Length Price (ALP) for Information Technology enabled Services (ITeS) provided to its wholly owned holding company. The transaction was classified as an international transaction between associated enterprises. The dispute centres on the correct computation of income arising from this international transaction, adhering to the arm's length principle.

Court :
ITAT Bangalore

Brief :
This appeal by the assessee is directed against the order dated 08.12.2016 of ACIT, Circle – 3(1)(1), Bangalore (hereinafter referred to as the Assessing Officer,“AO” in short) passed u/s.143(3) read with Section 144C(13) of the Income Tax Act, 1961 (Act) in relation to AY 2012-13.

Citation :
IT(TP)A No.308/Bang/2017

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