1927/Hyd/2011
TNS India Private Limited
Software Technology Parks of India and provides ITES to its group
companies. For AY. 2007-08, assessee filed ... examination, we find that the DRP, Hyderabad in the case of
Cordys Software India P. ltd., for A.Y. 2008-09 in its directions dated
common order for the sake of convenience.
2. The assessee is a software company. It has exports sales and also domestic sales. The issues raised ... assessee.
5. The assessee came into existence as an unit under the Software Technology Park scheme (STP Scheme) at Maithrivanam, Hyderabad vide approval granted
Value Momentum Software Services ... vs Dcit, Circle-3(3), Hyderabad, ... on 30 November, 2016
ITA Nos 320 and 321 of 2016 Value Momentum Software Services ... Value Momentum Vs Dy. Commissioner of Income
Software Services P Ltd Tax, Circle 3(3)
Hyderabad Hyderabad
PAN: AAACI 7400 H
For Assessee : Shri
assessee, formerly known as M/s Four Soft Ltd, was engaged
in software development and I.T. Consulting Services. It filed its
return of income ... being the total of
shortfall in respect of (i) software development services, (ii)
reimbursement received and (iii) commission on guarantees. The
AO, accordingly proposed
denied. It was submitted that the assessee company had
trouble with software which was used for maintaining accounts
and lost the financial data ... problem with software at the
time of due date for filing return, which is beyond the control of
assessee. It was contended that assessee faced
2021
ADP Pvt . Ltd ., Hyd .
A. Provisions of software development services
3. On the facts and in the circumstances of the case and
in contrary ... accepting the following
inappropriate companies as comparables:
• Rheal Software Private Limited
• RS Software (India) Limited
• Larsen & Toubro Infotech Limited (Segmental)
• Tata Elxsi Limited (Segmental
Brief facts of the case are, assessee company, deriving income
from software, IT enabled services filed its return of income ... assessee company had
business income only from one source, i.e software unit located in Software
Technology Park (for short 'STP') , which pursuant
applied to the payments for obtaining license in respect of software programs. The Commissioner of Income-tax ought to have appreciated that in case ... acquisition of license to software, the appellant virtually has ownership right excepting the right of reproduction and copying which was similar to the right acquired
assessee company is engaged
in the business of providing contract software development services,
back office support services, corporate IT support services and
marketing support services ... Purchase of fixed 20,71,242
assets
Electronic Arts Inc. Contract software 57,18,55,399
research and
development
services
Electronic Arts Inc. Corporate
case are that the assessee company,
engaged in the business of providing software development,
quality assurance and support services to its AE, filed its return ... proceedings,
the AO observed that the assessee, who is engaged in providing
software development services to its AEs, has received
consideration for the services rendered
