ITAT: Rejects remand request, cannot allow premium on TPO's careless and callous approach

Mumbai ITAT rules in favour of assessee on the selection of comparables in respect of assessee’s international transactions (back office support services and software development services) for AY

Jan 12, 2018

ITAT: Mismatch between Form 15CA and ROI not risk parameter for TPO-reference; Quashes revision

ITAT quashes revision u/s 263 by Pr.CIT holding AO’s order u/s 143(3) to be erroneous and prejudicial to the interest of Revenue without any enquiry for

Jan 11, 2018

ITAT: Deletes Rs. 69 cr TP-adjustment on AE-share sale; Rejects Revenue's 'perpetual growth rate' based valuation

Mumbai ITAT deletes TP-adjustment on assessee's sale of shares of group company (FAPL) to another AE based in Singapore for AY 2012-13, rejects price determined by DRP/TPO at

Jan 10, 2018

ITAT: Quashes TPO's assuming of AO's role by determining accounting policy/method

Mumbai ITAT dismisses Revenue’s appeal against CIT(A)’s deletion of TP-adjustment stemming from TPO’s disallowance of part of professional service fees paid by assessee to its AE for AY

Jan 09, 2018

SC: Dismisses Revenue's SLP; HC ruled on interpretation of AE-relationship between family-controlled entities

SC dismisses Revenue’s SLP challenging Gujarat HC order holding that assessee and its supplier of rough diamonds viz. Blue Gems BVBA (Belgian entity) were not associated enterprises for

Jan 08, 2018

SC: Upholds HC’s quashing of show-cause-notice as beyond scope of ITAT’s specific remand

SC dismisses Revenue's SLP against Delhi HC order quashing Revenue’s show cause notice issued to Li & Fung India (assessee) for AY 2007-08 pursuant to remand by ITAT,

Jan 08, 2018