{"id":23428,"date":"2022-01-06T10:50:48","date_gmt":"2022-01-06T05:20:48","guid":{"rendered":"https:\/\/itatonline.org\/digest\/virtusa-consulting-services-p-ltd-v-dy-cit-2021-282-taxman-95-mad-hc\/"},"modified":"2023-02-01T16:32:31","modified_gmt":"2023-02-01T11:02:31","slug":"virtusa-consulting-services-p-ltd-v-dy-cit-2021-282-taxman-95-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/virtusa-consulting-services-p-ltd-v-dy-cit-2021-282-taxman-95-mad-hc\/","title":{"rendered":"Virtusa Consulting Services (P) Ltd. v. Dy. CIT (2021) 282 Taxman 95\/ 208 DTR 386\/( 2022) 325 CTR 307  (Mad.)(HC)"},"content":{"rendered":"<p>TPO rejected transfer pricing analysis undertaken by assessee and undertook a fresh search for external comparables. Tribunal rejected selection of tested party as contended by assessee stating that assessee failed to produce material evidences\/documents to establish functional profile and risks assumed by overseas AEs. On appeal the Court held that findings given by r by TPO and Tribunal foreclosing assessee&#8217;s claim to refer to foreign AEs as tested party was legally not sustainable and issue regarding assessee&#8217;s plea to consider foreign AE as tested party was to be remanded back to TPO. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Comparable-Foreign Associated enterprises-Tested party-Matter remanded back to TOP. [S. 260A] <\/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-23428","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-65S","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23428","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=23428"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23428\/revisions"}],"predecessor-version":[{"id":32377,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23428\/revisions\/32377"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=23428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=23428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=23428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}