HC: Upholds Single Judge order; Corrigendum cannot cure failure to pass 'draft order' u/s 144C

Madras HC dismisses Revenue's writ appeal against the order of Single Judge for AY 2009-10 holding the final assessment order passed, without issuing draft order, and the subsequent

Jun 20, 2018

ITAT: Rejects TPO's CUP sans adjustment for different geographies, customer preference & market strategy

Kolkata ITAT upholds CIT(A)’s acceptance of assessee’s TNMM over TPO’s CUP-method for benchmarking assessee’s (manufacturer in FMCG Industry) sale of finished goods transaction for AY 2012-13; Noting that prices

Jun 20, 2018

ITAT: IPO an extra-ordinary event, excludes IPO expenses for PLI computation; Remits 2 comparables

Mumbai ITAT remits comparability of 2 companies for benchmarking product development services rendered by assessee [engaged in business of import, wholesale trade, manufacture of drug and medicines and

Jun 13, 2018

AAR: MasterCard Interface Processor and MasterCard Network constitute fixed place PE in India

AAR rules that the Applicant (a Singaporean MasterCard group company) has a fixed place PE, service PE and dependent agent PE in India under Article 5 of the

Jun 13, 2018

ITAT: Deletes FCCDs interest adjustment sans any incriminating material found during search-proceeding

Delhi ITAT deletes interest adjustment on fully and Compulsory Convertible Debentures (FCCDs) issued by assesse [engaged in the business of manufacture and sale of electrical automobile components] pursuant to search

Jun 13, 2018

ITAT: Rejects 50% profit-attribution to Indian branch on HO's sales absent economic nexus

Delhi ITAT rejects AO’s attribution of 50% profits made by Corning SAS in France (AE), from direct sales made in India, to its India Branch office (BO) for

Jun 05, 2018

Pages

Top