CIT v. Patni Computer Systems Ltd.

215 Taxmann 108High Court2013#1244 most cited

What is CIT v. Patni Computer Systems Ltd. authority for?

The provision of an extended credit period or non-charging of interest on delayed receivables from associated enterprises constitutes an international transaction under Section 92B(1) and requires separate benchmarking at arm's length, even retrospectively due to the Finance Act, 2012 amendment.

92

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2016 to 2026.

Also referred to as

CIT v. Patni Computer Systems Ltd. · Section 92B(1) · Section 92B amendment · Finance Act 2012 · retrospective effect · interest on outstanding receivables · overdue receivables · international transaction · arm's length price · benchmarking · associated enterprises · transfer pricing

Also reported as

33 Taxmann.com 3

Sections most often in play

Section 143(3)Section 234BSection 92BSection 234ASection 270ASection 143(1)Section 144BSection 144C(13)

Issues it is cited on

section 92b(1)interest on outstanding receivablessection 90(3)working capital adjustmentcaptive service providersection 92bmultiple year datarelated party transactionresale price methodtransactional net margin methodr&d expenditurecomparable companies

Judgments citing CIT v. Patni Computer Systems Ltd.

TE CONNECTIVITY INDIA PRIVATE LIMITED,BANGALORE vs. THE OFFICE OF THE DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE 7(1)(1), BANGALORE

In the result, the appeal of the assessee is hereby partly allowed

ITA 1789/BANG/2024[2020-21]Status: DisposedITAT Bangalore08 Jan 2026AY 2020-21

Bench: Shri Waseem Ahmed & Shri Soundararajan K

For Appellant: Shri Darpan Kriplani, CAFor Respondent: Dr. KJ Dhivya, CIT (DR)

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K, JUDICIAL MEMBER IT(TP)A No.1789/Bang/2024 Assessment Year: 2020-21 TE Connectivity India Pvt. Ltd., Vs. The Dy. Commissioner of RMZ NXT Campus 2A Income Tax, Survey No.24/1, 24/2, 25/2, 3, Circle – 7(1)(1), 1st Floor, Sonnenahalli K.R Puram, Hobli, Bangalore. Bangalore. PAN – AABCT 7374 C APPELLANT RESPONDENT Assessee by : Shri Darpan Kriplani, CA Revenue by : Dr. KJ Dhivya, CIT (DR) Date of hearing : 09.12.2025 Date of Pronouncement : 08.01.2026 O R D E R PER WASEEM AHMED, ACCOUNT…

TE CONNECTIVITY INDIA PRIVATE LIMITED,BANGALORE vs. THE OFFICE OF THE DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE 7(1)(1), BANGALORE

In the result, the appeal of the assessee is partly allowed for statistical purposes

ITA 2346/BANG/2024[2021-22]Status: DisposedITAT Bangalore10 Oct 2025AY 2021-22

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

For Appellant: Shri Darpan Kriplani, CAFor Respondent: Dr. KJ Dhivya, CIT (DR)

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER IT(TP)A No.2346/Bang/2024 Assessment Year: 2021-22 TE Connectivity India Pvt. Ltd., Vs. The Dy. Commissioner of RMZ NXT Campus 2A Income Tax, Survey No.24/1, 24/2, 25/2, 3, Circle – 7(1)(1), 1st Floor, Sonnenahalli K.R Puram, Hobli, Bangalore. Bangalore. PAN – AABCT 7374 C APPELLANT RESPONDENT Assessee by : Shri Darpan Kriplani, CA Revenue by : Dr. KJ Dhivya, CIT (DR) Date of hearing : 22.07.2025 Date of Pronouncement : 09.10.2025 O R D E R PER WASEEM AHMED, ACCOUNTANT…

GARWARE FULFLEX INDIA PVT LTD ,MUMBAI vs. DCIT, CIRCLE 1(1)(1), MUMBAI

In the result, appeal of the assessee is partly allowed for\nstatistical purposes

ITA 6751/MUM/2024[2021-22]Status: DisposedITAT Mumbai28 Aug 2025AY 2021-22
Section 143(3)Section 144C(13)Section 153

…{ "clean_text": "IN THE INCOME TAX APPELLATE TRIBUNAL\nMUMBAI BENCH “K” MUMBAI\nBEFORE SMT. BEENA PILLAI (JUDICIAL MEMBER)\nAND\nSHRI OM PRAKASH KANT (ACCOUNTANT MEMBER)\nITA No. 6751/MUM/2024\n Assessment Year: 2021-22\nGarware Fulflex India Pvt. Ltd.,\n2nd floor, Maker Bhavan II, 2a-3,\n18 Vitthaldas Thackarey Marg,\nMarine Lines,\nMumbai-400020.\nPAN NO. AAICG 2786 J\nAppellant\nVs.\nDCIT, Circle 1(1)(1),\nRoom No. 533, 5th floor, Aayakar\nBhavan, Mumbai-400020.\nRespondent\nAssessee by\nRevenue by\nDate of Hearing\nDate of pronouncement\n: Mr. Krishna Zanwar &\n: Mr. Chinmay Nagwat\n: Mr. Bhagirath Ramawat,…

ACIT CIRCLE ,3(4), MUMBAI, MUMBAI vs. UNION BANK OF INDIA, MUMBAI

In the result, the appeal of the revenue is dismissed

ITA 2119/MUM/2024[2020-21]Status: DisposedITAT Mumbai11 Jun 2025AY 2020-21
For Appellant: \nShri C. NareshFor Respondent: \nShri Vikas K. Suryawanshi
Section 144Section 14A

…{ "clean_text": "आयकर अपीलीय न्यायाधिकरण न्यायपीठ, मुंबई\nIN THE INCOME-TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI\nBEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT &\nSHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No. 2037/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2020-21)\nआयकर अपील सं./ITA No. 2038/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2021-22)\nUnion Bank of India,\nFinance & Accounts, Union\nBank Bhavan, 239, Vidhan\nBhavan Marg, Nariman\nPoint, Mumbai,\nMaharashtra- 400021\nv/s.\nबनाम\nDCIT, Circle- (LTU) 2,\nMumbai\nRoom No. 421, 4th Floor,\nAayakar Bhavan, M. K.\nRoad, Mumbai-400020\nस…

ACIT, CIRCLE -3(4), MUMBAI, MUMBAI vs. UNION BANK OF INDIA, MUMBAI

In the result, the appeal of the revenue is dismissed

ITA 2118/MUM/2024[2021-22]Status: DisposedITAT Mumbai11 Jun 2025AY 2021-22
For Appellant: \nShri C. NareshFor Respondent: \nShri Vikas K. Suryawanshi
Section 144Section 14A

…{ "clean_text": "आयकर अपीलीय न्यायाधिकरण न्यायपीठ, मुंबई |\nIN THE INCOME-TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI\nBEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT\n&\nSHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No. 2037/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2020-21)\nआयकर अपील सं./ITA No. 2038/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2021-22)\nUnion Bank of India,\nFinance & Accounts, Union\nBank Bhavan, 239, Vidhan\nBhavan Marg, Nariman\nPoint, Mumbai,\nMaharashtra- 400021\nv/s.\nबनाम\nDCIT, Circle- (LTU) 2,\nMumbai\nRoom No. 421, 4th Floor,\nAayakar Bhavan, M. K.\nRoad, Mumbai-400020…

M/S UNION BANK OF INDIA,MUMBAI vs. DCIT, CIRCLE-(LTU) 2, MUMBAI

In the result, the appeal of the revenue is dismissed

ITA 2038/MUM/2024[2021-22]Status: DisposedITAT Mumbai11 Jun 2025AY 2021-22
For Appellant: \nShri C. NareshFor Respondent: \nShri Vikas K. Suryawanshi
Section 144Section 14A

…{ "clean_text": "आयकर अपीलीय न्यायाधिकरण न्यायपीठ, मुंबई\nIN THE INCOME-TAX APPELLATE TRIBUNAL “F” BENCH,\nMUMBAI\nBEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT\n&\nSHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No. 2037/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2020-21)\nआयकर अपील सं./ITA No. 2038/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2021-22)\n\n| Union Bank of India,\nFinance & Accounts, Union\nBank Bhavan, 239, Vidhan\nBhavan Marg, Nariman\nPoint, Mumbai,\nMaharashtra- 400021\n|| v/s.\nबनाम\n| DCIT, Circle- (LTU) 2,\nMumbai\nRoom No. 421, 4th Floor,\nAayakar Bhavan, M. K.\nRoad, Mumba…

M/S UNION BANK OF INDIA,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-(LTU)-2, MUMBAI, MUMBAI

In the result, the appeal of the revenue is dismissed

ITA 2037/MUM/2024[2020-21]Status: DisposedITAT Mumbai11 Jun 2025AY 2020-21
For Appellant: \nShri C. NareshFor Respondent: \nShri Vikas K. Suryawanshi
Section 144Section 14A

…{ "clean_text": "आयकर अपीलीय न्यायाधिकरण न्यायपीठ, मुंबई |\nIN THE INCOME-TAX APPELLATE TRIBUNAL \"F\" BENCH,\nMUMBAI\nBEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT\n&\nSHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No. 2037/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2020-21)\nआयकर अपील सं./ITA No. 2038/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2021-22)\nUnion Bank of India,\nFinance & Accounts, Union\nBank Bhavan, 239, Vidhan\nBhavan Marg, Nariman\nPoint, Mumbai,\nMaharashtra- 400021\nस्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACU0564G\nAppellant/अपीलार्थी\nv/s.\nबनाम\nDCIT, Circle- (LTU) 2,\nM…

AB INBEV GCC SERVICES INDIA PRIVATE LIMITED,BANGALORE, KARNATAKA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1) , BANGALORE

In the result, appeal is allowed for statistical purposes

ITA 1635/BANG/2024[2020-21]Status: DisposedITAT Bangalore13 May 2025AY 2020-21

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubeyit(It)A No.1635/Bang/2024 Assessment Year :2020-21

For Appellant: Shri. Chavali Narayan, CAFor Respondent: Ms. Neera Malhotra, CIT(DR)(ITAT), Bangalore
Section 143(3)Section 144BSection 153Section 92B

…IN INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE SHRI. LAXMI PRASAD SAHU, ACCOUNTANT MEMBER AND SHRI. KESHAV DUBEY, JUDICIAL MEMBER IT(IT)A No.1635/Bang/2024 Assessment Year :2020-21 M/s. AB InBev GCC Services Vs. ACIT, India Pvt. Ltd., Circle –1(1)(1), 11th12th and 13th Floor, Bangalore. Peridot Block, Bagmane World Technology Centre SEZ, KR Puram Marthalli, Ring Road, Bangalore - 560 102. PAN :AAFCG 8223 M APPELLANT RESPONDENT Assessee by : Shri. Chavali Narayan, CA Revenue by : Ms. Neera Malhotra, CIT(DR)(ITAT), Bangalore. Date of hearing : 25.02.2025 Date of Pronouncement : 13.05.2025 ORDER…

TOYOTA BOSHOKU AUTOMOTIVE INDIA PRIVATE LIMITED,BIDADI vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT OR THE DCIT, CIRCLE - 7(1)(1), KORAMANGALA

In the result, the appeal of the assessee is partly allowed for statistical purposes

ITA 1539/BANG/2024[AY 2020-21]Status: DisposedITAT Bangalore09 May 2025

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

For Appellant: Shri K.R Vasudevan, AdvocateFor Respondent: Ms. Neera Malhotra, CIT (DR)
Section 234ASection 270A

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER IT(TP)A No. 1539/Bang/2024 Assessment Year: 2020-21 Toyota Boshoku Automotive India Vs. The Dy. Commissioner of Private Limited., Income Tax, No.41, Bhimenahalli, MN Halli Post, Circle – 7(1)(1), Manchanayakanahalli B.O, Bidadi, Bangalore. Ramanagara. PAN – AAECT 1871 F APPELLANT RESPONDENT Assessee by : Shri K.R Vasudevan, Advocate Revenue by : Ms. Neera Malhotra, CIT (DR) Date of hearing : 27.02.2025 Date of Pronouncement : 09.05.2025 O R D E R PER WASEEM AHMED, A…

KANTAR GDC INDIA PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE - 2(1), HYDERABAD

The appeal of the assessee is partly allowed for statistical purposes

ITA 804/HYD/2024[2020-21]Status: DisposedITAT Hyderabad19 Mar 2025AY 2020-21

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

For Appellant: Shri Ajit Kumar Jain, C.AFor Respondent: Ms. M. Narmada, CIT-DR
Section 115JSection 143(3)Section 156

…ect, the same view may be adopted in this case also. 8. Per contra, learned DR submitted that this aspect does not leave any scope for any discussion in view of the decision of the Hon'ble Bombay High Court in the case of CIT Vs. Patni Computer Systems (2013) 215 Taxmann 108 (Bom), wherein the amendment to Section 92B of the Act by Finance Act, 2012 with retrospective effect from 01/04/2002 was considered. Basing on the view taken in a number of decisions of the Tribunal of various Benches, learned TPO held that it is incumbent upon the taxpayer to separately benchmark the arm’s length price of the international…

KANTAR GDC INDIA PRIVATE LIMITED,HYDERABAD vs. ACIT., CIRCLE - 2(1), HYDERABAD

The appeal of the assessee is partly allowed for statistical purposes

ITA 274/HYD/2024[2017-18]Status: DisposedITAT Hyderabad19 Mar 2025AY 2017-18

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

For Appellant: Shri Ajit Kumar Jain, C.AFor Respondent: Ms. M. Narmada, CIT-DR
Section 115JSection 143(3)Section 156

…ect, the same view may be adopted in this case also. 8. Per contra, learned DR submitted that this aspect does not leave any scope for any discussion in view of the decision of the Hon'ble Bombay High Court in the case of CIT Vs. Patni Computer Systems (2013) 215 Taxmann 108 (Bom), wherein the amendment to Section 92B of the Act by Finance Act, 2012 with retrospective effect from 01/04/2002 was considered. Basing on the view taken in a number of decisions of the Tribunal of various Benches, learned TPO held that it is incumbent upon the taxpayer to separately benchmark the arm’s length price of the international…

NATCO PHARMA LIMITED,HYDERABAD vs. ACIT., CIRCLE-5(1), HYDERABAD

In the result, appeal of the assessee is partly allowed for statistical purposes

ITA 853/HYD/2024[2020-21]Status: DisposedITAT Hyderabad19 Feb 2025AY 2020-21

Bench: Shri K. Narasimha Chary & Shri G. Manjunatha

For Appellant: Shri A V Raghuram, AdvocateFor Respondent: Shri B. Bala Krishna, CIT-DR
Section 143(2)Section 143(3)Section 144C(5)Section 35Section 41Section 80Section 92CSection 92D(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD “A” BENCH : HYDERABAD BEFORE SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER AND SHRI G. MANJUNATHA, ACCOUNTANT MEMBER ITA.No.853/Hyd/2024 Assessment Year 2020-2021 NATCO Pharma Ltd., The ACIT, Circe-5(1), NATCO House, Road Income Tax Towers, No.2, Banjara Hills, AC Guards, Masab Tank, vs. Hyderabad – 500 034 Hyderabad – 500 004. Telangana. Telangana. PAN AAACN6927A (Appellant) (Respondent) For Assessee : Shri A V Raghuram, Advocate For Revenue : Shri B. Bala Krishna, CIT-DR Date of Hearing : 26.11.2024 Date of Pronouncement : 19.02.2025 ORDER PER G. MANJUNATHA, A.M. : Thi…

VVF (INDIA) LIMITED,MUMBAI vs. INCOME TAX DEPARTMENT NATIONAL FACELESS ASSESSMENT CENTRE , MUMBAI

In the result appeal filed by the assessee stands partly allowed for statistical purposes

ITA 4840/MUM/2024[2020-21]Status: DisposedITAT Mumbai14 Feb 2025AY 2020-21

Bench: Smt. Beena Pillai () & Shri Omkareshwar Chidara ()

Section 143(3)Section 144C(13)Section 2Section 92B

…IN THE INCOME TAX APPELLATE TRIBUNAL “J” BENCH, MUMBAI BEFORE SMT. BEENA PILLAI (JUDICIAL MEMBER) AND SHRI OMKARESHWAR CHIDARA (ACCOUNTANT MEMBER) I.T.A. No.4840/Mum/2024 Assessment Year: 2020-21 VVF (India) Limited Vs. Assessment Unit, VVF (India) Limited Plot Income Tax 109, Sion Fort Garden, Department, Sion(East), National Faceless Mumbai - 400022 Assessment PAN:AADCV4970G Centre(NFAC) DCIT Circle-8(3)(1), R.No. 665/A, 6th Floor, Ayakar Bhavan, Mumbai-400020 (Appellant) (Respondent) Appellant by Shri Chintan Vajani Respondent by Shri Pankaj Kumar, CIT D.R. Date of Hearing 22/01/2025 Date of Pronouncemen…

AVAYA INDIA PRIVATE LIMITED,MAHARASHTRA vs. OFFICE OF THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1(1), DELHI, NEW DELHI

In the result, appeal of the assessee is dismissed

ITA 3465/DEL/2024[AY 2017-18]Status: DisposedITAT Delhi26 Nov 2024

Bench: Shri Satbeer Singh Godara & Shri Avdhesh Kumar Mishra

Section 264Section 92C

…Es was in the nature of international transactions and therefore, it required separate benchmarking. To buttress his arguments, the Ld. CIT-DR placed reliance on the decision of the Hon’ble High Court of Bombay in the case of Patni Computer Systems Ltd.(2013) 33 Taxmann.com 3 and the order of the coordinate bench in the case of Techbooks International (P.) Ltd. [2015] 63 taxmann.com 114. 8. The Ld. CIT-DR drew our attentions to the Schedule No. 24 of Financial Statements (Page no. 28 of the Paper Book (PB) submitted by the appellant/assessee), which clearly showed that the finance cost borne by the appellant/asse…

TEK SYSTEMS GLOBAL SERVICES PRIVATE LIMITED,HYDERBAD vs. DCIT, CIRCLE-2(1), HYDERBAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 487/HYD/2022[2018-19]Status: DisposedITAT Hyderabad05 Jul 2024AY 2018-19

Bench: Shri Laliet Kumar & Shri Manjunatha G.आ.अपी.सं /Ita No.487/Hyd/2022 (निर्धारण वर्ा/Assessment Year: 2018-19) Tek Systems Global Vs. Dy. C. I. T. Services (P) Ltd, Circle 2(1) Hyderabad Hyderabad Pan:Aabcf1518Q (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Ms. K. Amulya, Ca रधजस् व द्वधरध/Revenue By:: Shri Jeevan Lal Lavidiya, Cit-Dr सुिवधई की तधरीख/Date Of Hearing: 29/05/2024 घोर्णध की तधरीख/Pronouncement: 05/07/2024 आदेश/Order

For Appellant: Ms. K. Amulya, CAFor Respondent: : Shri Jeevan Lal Lavidiya
Section 143(3)Section 144BSection 144C(13)Section 270A

…arged. Under such circumstances, the contention taken by the assessee before the TPO that it is not an international transaction, turns out to be bereft of any force. 23. The Hon'ble Bombay High Court in the case of CIT VS. Patni Computer Systems Ltd., (2013) 215 Taxmann 108 (Bom.) dealt, inter alia, with the following question of law: "(c) Whether on the facts and circumstances of the case and in law, the Tribunal did not err in holding that the loss suffered by the assessee by allowing excess period of credit to the associated enterprises without charging an interest during such credit period would not amount t…

SATYAM VENTURE ENGINEERING SERVICES PRIVATE LIMITED ,SECUNDERABAD vs. ASSISTANT COMMISSIONER OF INCOME TAX ,CENTRAL CIRCLE -3(2), HYDERABAD

In the result, appeal of the assessee is partly allowed and for statistical purpose

ITA 192/HYD/2021[2016-17]Status: DisposedITAT Hyderabad31 May 2024AY 2016-17

Bench: Shri K.Narasimha Chary & Shri Madhusudan Sawdiaआ.अपी.सं / Ita-Tp No. 192/Hyd/2021 (धििाारण वर्ा / Assessment Year: 2016-17) Satyam Venture Assistant Commissioner Engineering Services Vs. Of Income Tax, Private Limited, Central Circle-3(2), Secunderabad Hyderabad [Pan No. Aafcs3287D] अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

For Appellant: Shri E.V. Sri Krishna, ARFor Respondent: Ms. L. Sunitha Rao, CIT-DR
Section 143(3)Section 40

…ed that the question - whether or not the interest on trade receivables is an international transaction - does not leave any scope for any discussion in view of the decision of the Hon'ble Bombay High Court in the case of CIT Vs. Patni Computer Systems (2013) 215 Taxmann 108 (Bom), wherein the amendment to Section 92B of the Act by Finance Act, 2012 with retrospective effect from 01/04/2002 was considered. Basing on the view taken in a number of decisions of the Tribunal of various Benches, learned TPO held that it is incumbent upon the taxpayer to separately benchmark the arm’s length price of the international…

ACIT., CENTRAL CIRCLE 3(4), HYDERABAD vs. HETERO LABS LIMITED, HYDERABAD

In the result, the appeal of Revenue in ITA No

ITA 349/HYD/2023[2018-19]Status: DisposedITAT Hyderabad21 May 2024AY 2018-19

Bench: Shri R.K. Panda & Shri Laliet Kumarआ.अपी.सं / Ita Nos.312 & 313/Hyd/2023 (िनधा"रण वष" / Assessment Year: 2017-18 & 2018-19) Hetero Labs Limited, Vs. The Assistant Commissioner Of Hyderabad. Income Tax, Central Circle – 3(4), Pan : Aaach5506R Hyderabad. अपीलाथ" / Appellant "" यथ" / Respondent आ.अपी.सं / Ita Nos.348 & 349/Hyd/2023 (िनधा"रण वष" / Assessment Years: 2017-18 & 2-18-19) The Assistant Vs. Hetero Labs Limited, Commissioner Of Income Hyderabad. Tax, Central Circle – 3(4), Pan : Aaach5506R Hyderabad. अपीलाथ" / Appellant "" यथ" / Respondent

For Appellant: Shri D. Prabhakar Reddy, AdvocateFor Respondent: Shri M.Vijay Kumar, CIT-DR
Section 143(3)

…rged. Under such circumstances, the contention taken by the assessee before the TPO that it is not an international transaction, turns out to be bereft of any force. The Hon'ble Bombay High Court in the case of CIT vs. 23. Patni Computer Systems Ltd., (2013) 215 Taxmann 108 (Born.) dealt, inter alia, with the following question of law:- (c) Whether on the facts and circumstances of the case and in law, the Tribunal did not err in holding that the loss suffered by the assessee by allowing excess period of credit to the associated enterprises without charging an interest during such credit period would not amount…

ACIT., CENTRAL CIRCLE 3(4), HYDERABAD, HYDERABAD vs. HETERO LABS LIMITED, HYDERABAD

In the result, the appeal of Revenue in ITA No

ITA 348/HYD/2023[2017-18]Status: DisposedITAT Hyderabad21 May 2024AY 2017-18

Bench: Shri R.K. Panda & Shri Laliet Kumarआ.अपी.सं / Ita Nos.312 & 313/Hyd/2023 (िनधा"रण वष" / Assessment Year: 2017-18 & 2018-19) Hetero Labs Limited, Vs. The Assistant Commissioner Of Hyderabad. Income Tax, Central Circle – 3(4), Pan : Aaach5506R Hyderabad. अपीलाथ" / Appellant "" यथ" / Respondent आ.अपी.सं / Ita Nos.348 & 349/Hyd/2023 (िनधा"रण वष" / Assessment Years: 2017-18 & 2-18-19) The Assistant Vs. Hetero Labs Limited, Commissioner Of Income Hyderabad. Tax, Central Circle – 3(4), Pan : Aaach5506R Hyderabad. अपीलाथ" / Appellant "" यथ" / Respondent

For Appellant: Shri D. Prabhakar Reddy, AdvocateFor Respondent: Shri M.Vijay Kumar, CIT-DR
Section 143(3)

…rged. Under such circumstances, the contention taken by the assessee before the TPO that it is not an international transaction, turns out to be bereft of any force. The Hon'ble Bombay High Court in the case of CIT vs. 23. Patni Computer Systems Ltd., (2013) 215 Taxmann 108 (Born.) dealt, inter alia, with the following question of law:- (c) Whether on the facts and circumstances of the case and in law, the Tribunal did not err in holding that the loss suffered by the assessee by allowing excess period of credit to the associated enterprises without charging an interest during such credit period would not amount…

HETERO LABS LIMITED,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(4), HYDERABAD

In the result, the appeal of Revenue in ITA No

ITA 313/HYD/2023[2018-19]Status: DisposedITAT Hyderabad21 May 2024AY 2018-19

Bench: Shri R.K. Panda & Shri Laliet Kumarआ.अपी.सं / Ita Nos.312 & 313/Hyd/2023 (िनधा"रण वष" / Assessment Year: 2017-18 & 2018-19) Hetero Labs Limited, Vs. The Assistant Commissioner Of Hyderabad. Income Tax, Central Circle – 3(4), Pan : Aaach5506R Hyderabad. अपीलाथ" / Appellant "" यथ" / Respondent आ.अपी.सं / Ita Nos.348 & 349/Hyd/2023 (िनधा"रण वष" / Assessment Years: 2017-18 & 2-18-19) The Assistant Vs. Hetero Labs Limited, Commissioner Of Income Hyderabad. Tax, Central Circle – 3(4), Pan : Aaach5506R Hyderabad. अपीलाथ" / Appellant "" यथ" / Respondent

For Appellant: Shri D. Prabhakar Reddy, AdvocateFor Respondent: Shri M.Vijay Kumar, CIT-DR
Section 143(3)

…rged. Under such circumstances, the contention taken by the assessee before the TPO that it is not an international transaction, turns out to be bereft of any force. The Hon'ble Bombay High Court in the case of CIT vs. 23. Patni Computer Systems Ltd., (2013) 215 Taxmann 108 (Born.) dealt, inter alia, with the following question of law:- (c) Whether on the facts and circumstances of the case and in law, the Tribunal did not err in holding that the loss suffered by the assessee by allowing excess period of credit to the associated enterprises without charging an interest during such credit period would not amount…

HETERO LABS LIMITED,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(4), HYDERABAD

In the result, the appeal of Revenue in ITA No

ITA 312/HYD/2023[2017-18]Status: DisposedITAT Hyderabad21 May 2024AY 2017-18

Bench: Shri R.K. Panda & Shri Laliet Kumarआ.अपी.सं / Ita Nos.312 & 313/Hyd/2023 (िनधा"रण वष" / Assessment Year: 2017-18 & 2018-19) Hetero Labs Limited, Vs. The Assistant Commissioner Of Hyderabad. Income Tax, Central Circle – 3(4), Pan : Aaach5506R Hyderabad. अपीलाथ" / Appellant "" यथ" / Respondent आ.अपी.सं / Ita Nos.348 & 349/Hyd/2023 (िनधा"रण वष" / Assessment Years: 2017-18 & 2-18-19) The Assistant Vs. Hetero Labs Limited, Commissioner Of Income Hyderabad. Tax, Central Circle – 3(4), Pan : Aaach5506R Hyderabad. अपीलाथ" / Appellant "" यथ" / Respondent

For Appellant: Shri D. Prabhakar Reddy, AdvocateFor Respondent: Shri M.Vijay Kumar, CIT-DR
Section 143(3)

…rged. Under such circumstances, the contention taken by the assessee before the TPO that it is not an international transaction, turns out to be bereft of any force. The Hon'ble Bombay High Court in the case of CIT vs. 23. Patni Computer Systems Ltd., (2013) 215 Taxmann 108 (Born.) dealt, inter alia, with the following question of law:- (c) Whether on the facts and circumstances of the case and in law, the Tribunal did not err in holding that the loss suffered by the assessee by allowing excess period of credit to the associated enterprises without charging an interest during such credit period would not amount…

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