TAX & REGULATORY
KNAV HR solutions
Accounting advisory/CFO services
Internal audits & management
Assessment of internal financial
controls & SOC2 & 3
Enterprise wide risk management
Forensic & investigative services
Human resource risk advisory
IT risk advisory
Valuation for financial
reporting as per US
Valuation for deals
Valuation for regulatory
Global provider of engineering software development services and provider of end to end services covering every stage of the software development life cycle
Task at hand
To defend the price at which transactions were entered into between our client and its associated enterprises and justify the same to be at arms length; &
To prove that the companies chosen for benchmarking were appropriate comparables.
Justifying 9 transactions
(categorized into 3 categories relating to IT enabled services, distribution and reimbursements)
undertaken by our client with its associated enterprises.
3 out of 2 categories of transactions
were accepted to be at arms length and no additions were made with respect to the same by the concerned revenue authority;
The matter was carried upto appellate level wherein the same was remanded back to the concerned revenue authority; &
In the second round before the concerned revenue authority, the remaining category of transactions were subsequently to be accepted at arms length and no additions were made with respect to the same.
Client feedback on the project
Client discussed the issues and after due considerations, the case was taken up to appellate level.