Bain & Company, Inc. vs. Deputy/Assistant Commissioner of Income Tax
Parties Involved
Facts Summary
The assessee, Bain & Company, Inc., a foreign company with tax residency in the USA, is engaged in providing consultancy services and support services to its subsidiaries. The main points of contention in this appeal pertain to receipts for consultancy services provided to Bain India, receipts on account of professional support services provided to Bain India, and the receipt of subscription fee for providing excess to third parties to the NPS Prism Platform maintained by the assessee.…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.86,80,47,511/- for consultancy services
- 2. Addition of Rs.47,98,96,089/- for support services
- 3. Addition of Rs.57,45,100/- for subscription fee
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
14 precedents cited in this judgement.
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