ITAT: Refuses to depart from earlier-order remitting AMP-issue; AMP-intensity adjustment not distinguishing factor

Delhi ITAT remits AMP-adjustment for assessee (engaged in retailing business) for AY 2012-13 following co-ordinate bench ruling in assessee’s own case for AY 2010-11, directs AO/TPO to determine whether there exists

Oct 17, 2017

ITAT: Rejects adjustment on standalone comparable basis; TPO to seek comparable information u/s 133

Delhi ITAT restores entire TP issue back to TPO for assessee (engaged in manufacturing and trading of various automotive and aluminum brake and aluminum components) for AY 2010-11;

Oct 16, 2017

ITAT: Rejects assessee's CUP method based on ‘proposed price’ for imports, upholds TNMM

Pune ITAT rejects adoption of CUP-method for benchmarking inter-alia import of raw materials/consumables/machinery by assessee (engaged in manufacturing of wiring harnesses for the automotive industry) for AY 2005-06,

Oct 13, 2017

HC: ITAT’s remand to AO unwarranted when relevant facts on TP-issue available on record

Delhi HC, in second round of proceedings, rules that ITAT erred in remanding the matter back to AO regarding ALP-determination of intra-group services payment by assessee (engaged in

Oct 12, 2017

ITAT: Rejects aggregation approach for intra-group services of diverse nature; Applies Knorr-Bremse ratio

Delhi ITAT upholds rejection of aggregation approach adopted by assessee (engaged in exploring and drilling, producing, refining and marketing of minerals, oils and related by-products) for benchmarking receipt

Oct 12, 2017

ITAT: Applies ​OECD's ‘portfolio strategy’ approach, approves taxpayer's aggregation of inter-dependent divisions

Pune ITAT accepts aggregation approach for benchmarking international transactions undertaken by assessee (engaged in developing & selling packaging material, importing & reselling straws and manufacturing processing equipment) for

Oct 11, 2017

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