ITAT Rejects Arbitrary Transfer Pricing Adjustments on Management Services

Virinchi Ltd Vs DCIT (ITAT Hyderabad)

TPO Cannot Question Commercial Expediency- ITAT Hyderabad Deletes ₹10 Cr TP Addition – AE Services Held Genuine

Virinchi Ltd, a listed company engaged in IT solutions & software development, filed appeal against the final assessment order passed u/s 143(3) r.w.s. 144C(3) for AY 2021-22, based on DRP directions.

The first issue raised was that the assessment order dated 09.10.2024 was barred by limitation u/s 153. The Tribunal noted that this legal question is pending before the Supreme Court in the case of

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