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Only the expenses that have been incurred after the date of entering into agreement are liable for mark-up
Case Law Details
- Case Name
- The Dy. CIT Vs M/s Convergys Information (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2004- 05
- Courts
- All ITAT, ITAT Hyderabad
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Executive Summary:-The Income Tax Appellate Tribunal (the “Tribunal”) of Hyderabad, on 31 January 2011, pronounced its ruling in the case of M/s Convergys Information Management (India) (P) Ltd. Vs DCIT, Hyderabad, ITA No. 229/H/2009, on whether the expenses incurred prior to the date of entering into agreement are subject to mark-up. The Tribunal ruled in favour of the Taxpayer stating that only the expenses incurred after the date of entering into agreement are liable for mark-up.
Facts
The Taxpayer provides software development and product support service to its associated enter...
