TP Addition Deleted as Management Support Services Proved Genuine

Advertisement INA Bearings India Pvt. Ltd. Vs DCIT (ITAT Pune) The appeals before the Income Tax Appellate Tribunal (ITAT), Pune, comprised cross appeals by the assessee and the Revenue arising from the order of the Commissioner of Income Tax (Appeals) for Assessment Year 2011-12. The dispute was confined to the transfer pricing treatment of payment of management support service fees made by the assessee to its Associated Enterprise (AE). Background of the case: The assessee, a wholly owned subsidiary of a German group company, was engaged in the manufacture, development, marketing and dist...