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A survey action under section 133A of the Income- tax Act, 1961(the Act) was carried out at the business premises of group entities of a prominent international Media Company at Delhi and Mumbai. The group is engaged in the business of development of content in English, Hindi and various other Indian languages; advertisement sales and market support services, etc. The survey revealed that despite substantial consumption of content in various Indian languages (apart from English), the income/p
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FAQ :
The Income Tax Department carried out survey operations under section 133A of the Income-tax Act, 1961.
The survey operations were conducted at the business premises of group entities of a prominent international media company in Delhi and Mumbai.
The survey found that the income/profits shown by the group entities were not commensurate with the scale of their operations in India, despite substantial content consumption in various Indian languages.
Issues identified include potential non-payment of tax on undisclosed remittances, failure to deduct withholding tax on reimbursements for seconded employees, and discrepancies in transfer pricing documentation.
Crucial evidence was gathered, including statements from key employees, digital evidence, and documents.
The company employed dilatory tactics, including in producing requested documents and agreements, although the survey was conducted to facilitate continued media activity.
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