{"id":62986,"date":"2026-07-30T16:18:56","date_gmt":"2026-07-30T10:48:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/oakton-global-technology-services-centre-india-p-ltd-v-ito-2025-131-itr-418-trib\/"},"modified":"2026-07-30T16:32:33","modified_gmt":"2026-07-30T11:02:33","slug":"oakton-global-technology-services-centre-india-p-ltd-v-ito-2025-131-itr-418-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/oakton-global-technology-services-centre-india-p-ltd-v-ito-2025-131-itr-418-trib\/","title":{"rendered":"Oakton Global Technology Services Centre (India) P. Ltd v ITO (2025) 131 ITR 418 (Hyd.)(Trib)"},"content":{"rendered":"<p class=\"font-claude-response-body\" style=\"margin: 0in; margin-bottom: .0001pt; text-align: justify; line-height: 150%;\"><b><span lang=\"EN-IN\" style=\"font-family: 'Verdana',sans-serif;\">\u00a0<\/span><\/b><\/p>\n<p class=\"font-claude-response-body\" style=\"margin: 0in; margin-bottom: .0001pt; text-align: justify; line-height: 150%;\"><span lang=\"EN-IN\" style=\"font-family: 'Verdana',sans-serif;\">The Tribunal upheld inclusion of two comparables, L and P, since both had been self-selected by the assessee in its own transfer pricing study and were functionally similar, turnover difference alone being insufficient for exclusion; remanded the interest adjustment on outstanding receivables to the TPO since the SBI prime lending rate was wrongly applied without ascertaining the currency of denomination; and upheld disallowance of belated remittance of employees&#8217; PF contribution under section 36(1)(va), even though paid before the due date for filing the return. (AY 2012-13)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C: Transfer pricing-Arm\u2019s length price-Avoidance of tax-International transaction-Selection of comparables-Companies included by assessee itself in final list, later sought to be excluded on functional difference\/turnover filter-Functional similarity established-Turnover difference not sufficient for exclusion-Interest on outstanding receivables constitutes international transaction-Rate depends on currency of denomination-Remanded for reconsideration-Employees&#8217; contribution to provident fund-Belated remittance not deductible even if paid before due date of filing return  [S. 2(24)(x),   36(1)(va), 92CA, 139(1)]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62986","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gnU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62986","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=62986"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62986\/revisions"}],"predecessor-version":[{"id":63011,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62986\/revisions\/63011"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}