M/s. Micro Focus Software India Private Limited, Bangalore Joint Commissioner Of Income Tax, Circle- 4(1)(2), Bangalore

Last updated: 30 December 2020
Quick Summary
This Income Tax Appellate Tribunal case involved M/s. Micro Focus Software India Private Limited appealing against an assessment order for the 2015-16 financial year. The primary issues concerning the Arm's Length Price for international transactions were settled through an Advanced Pricing Arrangement (APA) between the company and the tax department. Additionally, the tribunal directed the Assessing Officer to review the company's claim for an advance tax credit of Rs. 7.25 Crores.

Court :
ITAT Bangalore

Brief :
This is an appeal by the assessee against the final order of Assessment dated 31.10.2019 passed under section 143(3) r.w.s. 144C(13) of the Income Tax Act, 1961(hereinafter called ‘the Act’) by the JCIT, Circle 4(1)(2), Bangalore, relating to Assessment Year 2015-16.

Citation :
IT(TP)A No.2619/Bang/2019

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