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ITAT Chennai Excludes Goodwill Amortization from Operating Cost in TP Case
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AdvertisementHitachi Solutions India Private Limited Vs DCIT (ITAT Chennai) The Income Tax Appellate Tribunal (ITAT), Chennai, decided the cross appeals filed by Hitachi Solutions India Private Limited and the Revenue arising from the order of the Commissioner of Income Tax (Appeals) passed under Sections 143(3) read with 144C of the Income-tax Act, 1961 for Assessment Year 2018-19.
The Tribunal condoned a delay of 23 days in filing the Revenue’s appeal, admitted it for adjudication, allowed the assessee’s appeal, and dismissed the Revenue’s appeal.
The assessee, a subsidiary of Hitachi S...