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Case Law Details

Case Name : M/s Intellinet Technologies India Pvt.Ltd. Vs The Income-tax Officer (ITAT Bangalore)
Related Assessment Year : 2006-07
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Assessee had acquired the business and also earned income out of the said transaction by cost plus basis. Thus, it can be seen that the assessee has not encountered the risk of having a single customer, whereas the same cannot be said as regards the comparables. As pointed out by the learned counsel for the assessee, the comparables were dealing in open market and therefore, they were prone to the marketing and technical risks. They would have incurred certain expenditure on marketing services and also to safeguard the technical use by them.

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