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TP adjustment deleted as recharacterization of business not warranted
Case Law Details
- Case Name
- Scientific Games India Private Limited Vs DCIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Chennai
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Scientific Games India Private Limited Vs DCIT (ITAT Chennai)
ITAT Chennai held that recharacterization of business from ‘software development service provider’ to ‘contract R&D service provider’ not justifiable as BAPA and TPO’s earlier assessment accepted characterisation of the Assessee to be a Software Development service provider. Hence, upward transfer pricing adjustment deleted.
Facts- The Assessee is a Company was incorporated in the year 2005, as a wholly owned subsidiary of Bally Technologies Inc., USA. (currently known as LNW Gaming Inc.) The Assessee had entered into...
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