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ITAT Bangalore Excludes Multiple TP Comparables for Captive Software Services

Case Law Details

Case Name
Citrix R&D India Pvt. Ltd. Vs DCIT (ITAT Bangalore)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2016-17
Advertisement Citrix R&D India Pvt. Ltd. Vs DCIT (ITAT Bangalore) The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, partly allowed the appeal of Citrix R&D India Pvt. Ltd. for Assessment Year 2016-17 relating to transfer pricing adjustments in the software development (SWD) and IT enabled services (ITES) segments. The Tribunal held that the assessee, a captive service provider rendering routine software development and ITES to its associated enterprises on a cost-plus basis, was entitled to working capital adjustment and remitted the issue to the Assessing Officer/Transfer ...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,567

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