HYUNDAI MOTOR INDIA ENGINEERING PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD
In the result, the assessee appeal is allowed
ITA 123/HYD/2020[2015-16]Status: DisposedITAT Hyderabad29 Jul 2022AY 2015-16
Bench: Shri Inturi Rama Rao & Shri Laliet Kumarvs. Dy. Commissioner Of M/S. Hyundai Motor India Engineering Pvt. Ltd., Income Tax, Circle Hyderabad. 2(2), Hyderabad. Pan Aabcjh7867C Appellant Respondent Appellant By : Shri H. Srinivasulu, Adv. Respondent By : Shri Yvst Sai, Cit-Dr. Date Of Hearing : 27.07.2022. Date Of Pronouncement : 29.07.2022. O R D E R Per Shri Inturi Rama Rao, A.M. : This Is An Appeal Filed By The Assessee Is Directed Against The Order Of The Learned Commissioner Of Income Tax (Appeals)-2, Hyderabad Dt.05.12.2019 For Assessment Year 2015-16. 2. The Assessee Raised The Following Grounds Of Appeal :
For Appellant: Shri H. Srinivasulu, AdvFor Respondent: Shri YVST Sai, CIT-DR
Section 143Section 144CSection 144C(15)Section 271(1)(c)Section 292BSection 92CSection 92E
section 92E of the Act.
The assessee company reported the following international transactions :
1. Provision of IT Enabled Services
Rs.149,47,38,605. 2. Payment for services
Rs.1,52,32,990. 3. Reimbursement of expenses paid
Rs.14,19,61,310. 4. Trade receivables
Rs.17,00,85,605. 5. Payables
Rs.47,16,769. 5
6. Purchase of computer software
Rs.1
