Income Tax Tribunal partial relief to Expleo Solutions in Rs.25.38 cr tax case
EXPLEOSOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Income Tax Appellate Tribunal gave partial relief to Expleo Solutions in the AY 2021-22 tax case. A transfer pricing addition of Rs.18.67 lakh was dropped in favour of the company. However, the main disallowance of Rs.68.11 crore under section 40(a)(i) was sent back to the Assessing Officer for fresh consideration. The original total demand was Rs.25.38 crore, of which the company has already paid Rs.5.08 crore (20%).
Partial positive - small relief on transfer pricing, but major disallowance pending reassessment. Uncertainty remains.