ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

VA, USA (VLS) but never recruited any manpower to the said organization or any other person either in USA or in India. The assessee also furnished various details of various software developed by it and supplied to VLS. 3.5. Regarding higher margin, the assessee submitted that the companies listed by the AO in the assessment order are into software services

ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed