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I-T - Business receipts of an entity which did not have any dependent agent PE in India, cannot be brought to tax in India: ITAT (See 'Breaking News')
TP - High cost for services rendered for implementing a software does raise doubts, but mere suspicion is no basis for holding that no services were rendered by AE for said purpose: ITAT (See 'Breaking News')
TP - Companies which are distinct from assessee on account of high turnover, functional dis-similarity & difference in working capital merit being excluded as comparables for benchmarking purposes: ITAT (See 'Breaking News')
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