Rulings

Feb 13,2019

SC dismisses Revenue’s SLP against Madras HC order in case of Saipem India for AY 2011-12; HC while dismissing Revenue’s plea to exclude Stewarts & Lloyds India Ltd, had upheld

Feb 13,2019

Delhi HC partly allows assessee’s appeal, sets aside ITAT order and directs ITAT to examine merits of issue of ALP-determination of AMP-expenditure in light of co-ordinate bench rulings in Sony

Feb 07,2019

SC dismisses McKinsey India’s SLP against HC-order for AYs 2011-12 & 2012-13, states that “We are not inclined to entertain these Special Leave Petitions under Article 136 of the Constitution of

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Feb 15,2019

Bangalore ITAT dismisses assessee’s (software development service provider) miscellaneous petition for AY 2005-06 seeking adjudication of assessee’s plea for exclusion of Infosys Ltd. which was argued by assessee but not

Feb 15,2019

Delhi ITAT remits ALP-determination of AMP-expenses for Canon India for fresh adjudication after examination of agreements entered into by assessee with its AE for purchase and resale of Cannon products

Feb 15,2019

Mumbai ITAT deletes TP-adjustment for AY 2013-14 on SDT of interest paid on funds borrowed by assessee (engaged in the business of construction of an info-park) from its holding company

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HC: Directs ITAT to examine AMP-issue rather than mechanically remitting matter to TPO

Delhi HC partly allows assessee’s appeal, sets aside ITAT order and directs ITAT to examine merits of issue of ALP-determination of AMP-expenditure in light of co-ordinate bench rulings in Sony

Feb 13,2019

SC: Dismisses Revenue's SLP; HC found no question of law arising on comparable issue

SC dismisses Revenue’s SLP against Madras HC order in case of Saipem India for AY 2011-12; HC while dismissing Revenue’s plea to exclude Stewarts & Lloyds India Ltd, had upheld

Feb 13,2019

HC: Upholds TP-adjustment deletion on preference-shares investment; Accepts 1% as corporate guarantee ALP

Bombay HC upholds ITAT-order deleting TP-additions on subscription to preference shares and corporate guarantee for AY 2009-10; Confirms ITAT decision of rejecting TPO’s re-characterization of investment in preference shares into

Feb 13,2019

ITAT: Accepts foreign-AE as tested party for IT/ITeS provider; Follows earlier-order

Chandigarh ITAT upholds CIT(A)-order deleting TP-adjustment of 1.18Cr on international transaction of provision of IT/IT enabled services for AY 2011-12 by allowing treatment of foreign AE as tested party; Relies

Feb 12,2019

HC: Upholds TNMM over CUP for benchmarking AE-exports & sales commission; Follows earlier-orders

Bombay HC dismisses Revenue’s appeal against ITAT-order upholding TNMM as MAM for benchmarking exports to AEs & payment of sales commission to AE for AY 2009-10; Regarding export transaction, follows

Feb 11,2019

News

Delhi HC: Stays TPO-reference on grounds of CBDT Circular 3/2016 violation, issues notice to Department

Delhi HC stays reference to TPO made by AO u/s 92CA  during reassessment proceedings for Infonox Software (assessee) for AY

Feb 14,2019

Taxsutra TP Stay Cases Update: Recent rulings on stay of demand

Taxsutra brings to you a consolidated digest of 25+ recent rulings revolving around stay of demandClick below to view 25+

Feb 06,2019

Big relief to middle class taxpayers, real estate sector gets sweet deal

FM announces rebate for individual taxpayers having taxable income upto Rs. 5 lakhs and increase in standard deduction for salaried

Feb 01,2019

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