HC: Upholds PE-constitution for 24 GE Group entities, affirms 26% profit-attribution for ‘marketing’ activity

Delhi HC confirms ITAT order upholding constitution of fixed place PE as well as dependent agent PE (‘DAPE’) for 24 GE group entities in a batch of appeals

Jan 09, 2019

ITAT: Formulates guidelines for expeditious hearing of cases referred to Special Benches & Third Members

Ahmedabad ITAT Special Bench formulates guidelines for expeditious hearing of cases referred to Special Benches and Third Members, setting out 120 days threshold for commencing the hearing and

Dec 28, 2018

ITAT: Assessee entitled to DRP-route post ITAT-remand; Rejects DRP’s “first instance” interpretation u/s 144C(1)

Hyderabad ITAT, in third round of appeal, remits TP-issue back to DRP to consider assessee’s objections against TPO’s second order for AYs 2008-09 and 2009-10; Post remand by

Dec 26, 2018

HC: Explains 'substantial interest' u/s 40A(2)(b) for SDT constitution; Relies upon ICAI Guidance Note

HC allows HDFC Bank’s writ petition, quashes AO’s order and subsequent reference to TPO alleging that certain related party transactions [purchase of loans from HDFC ltd, payment for rendering

Dec 21, 2018

CBDT: Relaxes CbCR furnishing deadline for entities from countries having systemic failure

CBDT prescribes 12 month time period under Rule 10DB(4) for furnishing CbCR by constituent entity of an international group resident in India under specified circumstances u/s 286(4); However, clarifies that

Dec 19, 2018

ITAT: Upholds assessee’s cost allocation based on OECD-Guidelines; Accepts CPA-certificate as valid evidence

Mumbai ITAT deletes the TP-adjustment with respect to international transaction of allocation of support services for assessee (engaged in  assembling printed circuit boards), for AYs 2012-13 & 2013-14, upholds

Dec 13, 2018