Rulings

Oct 23,2018

ITAT quashes Sec 148 proceedings seeking to reopen assessment for AY 2010-11 based on DIT(Investigation) report comparing FOB price in India (i.e. assessee’s transfer price of iron ore to its

Oct 16,2018

Visakhapatnam ITAT rejects assessee’s claim for adjustment towards Government regulations while determining ALP of payment of bareboat charges and ship management services to AE for AY 2012-13 and 2013-14; Assessee

Oct 11,2018

Delhi ITAT upholds CIT(A)’s deletion of Rs.1.27cr TP-adjustment in case of Ericsson Telephone’s India Branch for AY 2002-03; Notes that in the middle of the subject year, assessee restructured its business,

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Oct 22,2018

Bangalore ITAT directs exclusion of Cox & Kings as comparable for assessee providing tour services to AE for AY 2012-13; Follows co-ordinate bench ruling in assessee’s own case in AY

Oct 22,2018

Delhi ITAT directs exclusion of Cosmic Global as comparable for assessee providing back office support services to AE for AY 2009-10; Noting that Cosmic Global, though functionally similar, was carrying

Oct 17,2018

Delhi ITAT rules on selection of comparables, treatment of forex loss, provisions and liabilities written back and income from provision of management support service to AEs for AY 2009-10 and

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ITAT: Accepts assessee’s contention to include 6 comparables following principle of consistency

Delhi ITAT rules on selection of comparables, treatment of forex loss, provisions and liabilities written back and income from provision of management support service to AEs for AY 2009-10 and

Oct 17,2018

ITAT: Upholds AE-loan as foreign currency loan; Advancing loan from Indian account, irrelevant

Delhi ITAT upholds DRP order, dismisses Revenue’s appeal against deletion of TP-adjustment towards interest on loan to AE for AY 2011-12; Notes that assessee had advanced loan to AE in

Oct 16,2018

ITAT: Remits depreciation disallowance considering ALP-determination of trademark purchase remanded in earlier AY

Delhi ITAT remits issue of disallowance of depreciation on trademark acquired from AE  in AY 2007-08, observes that such disallowance made for AY 2011-12 is unsustainable in view of ITAT order

Oct 16,2018

ITAT: Companies providing KPO services, outsourcing work not comparable to ITES provider

Mumbai ITAT rules on selection of comparables and treatment of fixed assets write off for assessee engaged in providing consultancy services for AY 2009-10; Rejects Revenue’s ground against DRP’s exclusion of Excel

Oct 17,2018

HC: Dismisses Revenue's appeal on comparable selection for provider of investment advisory services

Bombay HC dismisses Revenue's appeal against ITAT ruling on comparable selection for assessee engaged in providing investment advisory services to AE, holds that no substantial question of law arises for

Oct 16,2018

News

OECD webcast highlights country approaches on digital economy, ​formulary apportionment not on agenda

The latest 'OECD Tax Talks' edition provides an update on the MLI, digitalized economy tax challenges, implementation of BEPS minimum

Oct 18,2018

Karnataka HC Special-Part X: Compilation of 6 rulings dismissing appeals on comparables following Softbrands

Compilation of rulings dismissing appeals on comparables following Softbrands ratioClick below to access details of 6 rulings of Karnataka HC.

Oct 12,2018

Karnataka HC Special-Part IX: Compilation of 11 rulings dismissing appeals on comparables & other issues following Softbrands

Compilation of rulings dismissing appeals on comparables & other issues following Softbrands ratioFollowing is a ruling where issues before Kar

Oct 04,2018

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