{"id":18679,"date":"2021-05-26T12:07:10","date_gmt":"2021-05-26T06:37:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/fidelity-business-services-india-pvt-ltd-v-acit-2021-85-itr-14-snbang-trib\/"},"modified":"2021-05-26T12:07:10","modified_gmt":"2021-05-26T06:37:10","slug":"fidelity-business-services-india-pvt-ltd-v-acit-2021-85-itr-14-snbang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/fidelity-business-services-india-pvt-ltd-v-acit-2021-85-itr-14-snbang-trib\/","title":{"rendered":"Fidelity Business Services India Pvt. Ltd. v. ACIT (2021) 85 ITR 14 (SN)(Bang) (Trib)"},"content":{"rendered":"<p>Tribunal held that\u00a0 Company having huge brand value and extraordinary events of\u00a0 to be excluded.-Computation of\u00a0 working capital level and consequent adjustment on account of\u00a0 working capital remanded to Transfer Pricing Officer for fresh consideration.\u00a0 Gains arising from fluctuation of\u00a0 foreign exchange having nexus with international transactions\u00a0 to be treated as operating income and taken into consideration.\u00a0 ( AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing \u2013 Arm\u2019s length price  Comparables \u2014 Company having huge brand value and extraordinary events of  to be excluded.-Computation of  working capital level and consequent adjustment on account of  working capital remanded to Transfer Pricing Officer for fresh consideration- Gains arising from fluctuation of  foreign exchange having nexus with international transactions \u2014 to be treated as operating income and taken into consideration. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-18679","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Rh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=18679"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18679\/revisions"}],"predecessor-version":[{"id":18680,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18679\/revisions\/18680"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=18679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=18679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}