ITAT: Allows Sec 10A deduction on voluntary TP-adjustment; Follows iGate over Deloitte ruling

Pune ITAT rules that assessee is entitled to Sec 10A deduction on additional income offered on account of suo-moto TP-adjustment for AY 2011-12; Notes that TPO/ CIT(A) disallowed

Mar 16, 2018

ITAT: Rejects Nil-ALP determination, use of foreign comparable for benchmarking brand royalty

Delhi ITAT rejects TPO’s Nil-ALP determination in respect of assessee’s royalty payment to AEs for use of brand names ‘Vodafone’ and ‘Essar’ for AY 2009-10, remits ALP-determination to

Mar 15, 2018

ITAT: Excludes L&T Infotech considering inability of allocating ‘unallocable expenses’; Follows CEVA Freight

Delhi ITAT directs exclusion of L&T Infotech as comparable while benchmarking assessee’s provision of software development services for AY 2013-14; Noting that TPO did not allocate ‘Unallocable expenses’

Mar 15, 2018

ITAT: Dismisses Revenue’s appeal; Upholds segregation of completely different manufacturing operations

Delhi ITAT dismisses Revenue’s appeal, upholds assessee’s segregation approach for benchmarking purchase of Compound Alcoholic Preparation (CAP) from AE for AY 2005-06; Notes that under Bottled in India Scotch (“BIIS”) segment,

Mar 12, 2018

ITAT: Hearing opportunity before TPO-reference unwarranted absent Chapter X applicability objection; Cites Vodafone, CBDT-Instruction

Mumbai ITAT dismisses assessee’s additional ground challenging AO’s reference to TPO without giving assessee a hearing opportunity for AYs 2012-13 & 2013-14; Absent assessee’s objection regarding applicability of

Mar 12, 2018

ITAT: Technology acquisition cost only for new products; Rejects Nil ALP absent simultaneous royalty payment

Delhi ITAT rejects Nil ALP-determination for technology acquisition cost, remits ALP-determination to AO/TPO; Observes that assessee’s (engaged in manufacturing of auto-components) royalty payment was for designs, engineering data, manufacturing and

Mar 09, 2018