Delhi High Court Upholds 15% Attribution Rate for Travelport

CIT Vs Travelport Global Distribution Systems B.V. (Delhi High Court) The Delhi High Court recently ruled on the appeal, ITA 748/2023, filed by the appellant/revenue concerning Assessment Year (AY) 2015-16 against the order passed by the Income Tax Appellate Tribunal (Tribunal) on 27.09.2022. Delay Condoned for Meritorious Consideration: In the application filed by the appellant/revenue, a delay of 220 days in re-filing the appeal was acknowledged. The court, emphasizing its intention to decide the appeal on merits, inclined to condone the delay, leading to the disposal of the application acc...