2016-TII-INSTANT-ALL-296
03 March 2016   

BUDGET ANALYSIS 2016

BUDGET ANALYSIS 2016

CASE LAW

2016-TII-15-HC-DEL-TP

ST MICROELECTRONICS PVT LTD Vs CIT : DELHI HIGH COURT (Dated: February 29, 2016)

Income tax - Sections 92C, 92CA & 144C.

Keywords - software development service - captive contract service provider - TNMM - MAM - PLI - high-end software development - chip design - functional profile.

Whether while selecting comparables more weightage should be given to functional profile than 'high end' or 'low end' software development service provider - YES: HC

Whether the risk profile of the assessee vis-a-vis comparables merits special consideration for determining ALP - YES: HC

Case remanded

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Customercare Executive,
Taxindiainternational.com Pvt. Ltd.

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