HC: Quashes Tribunal’s non-condonation of delay; Can’t burden assessee to establish order non-service

Karnataka HC sets aside ITAT order refusing to condone delay in filing of appeal and thus dismissing assessee's appeal against TP adjustment for AY 2003-04 ; Notes that

Jul 16, 2018

ITAT: Deletes concealment penalty; Considers AO 'bizarre' approach in granting tax-holiday benefit on TP-adjustment

Delhi ITAT deletes penalty u/s 271(1)(c) on TP-adjustment in case of assessee providing IT/software development services to its AE for AY 2002-03; Notes that TP-adjustment was made on

Jul 16, 2018

ITAT: Rejects TPO’s order based on “wrong FAR” of Wolters Kluwer’s business support services

Delhi ITAT remits issue of ALP-determination in respect of assessee’s provision of business support services to AE considering that entire TP analysis was made by the TPO on

Jul 11, 2018

HC: Rs. 655 cr refund 'release' for Vodafone, assuages Dept's Idea merger concerns via bank guarantee

Delhi HC directs Revenue to revoke provisional attachment order u/s. 281B and release refund of Rs. 655.67 cr. due to Vodafone Mobile Services Ltd. (assessee) within a week’s time of

Jul 09, 2018

HC: Dismisses Revenue's appeal; Upholds gross profit/sales as PLI for auto-components import

Karnataka HC dismisses Revenue’s appeal against Tribunal’s allowance of assessee’s [Kirloskar Toyota Textile Machinery Private Ltd] claim that gross profit over sales (PLI) can eliminate difference in depreciation

Jul 09, 2018

HC: Quashes reassessment alleging 'deemed-international transaction' absent notice mentioning Rs 1 lakh+ income escapement

Karnataka HC allows assessee's (distributor of diabetic care and other products) writ, quashes reassessment notice for AY 2006-07; Notes that during assessment proceedings u/s 143(3), TPO had accepted

Jul 06, 2018

Pages

Top