ITAT: Domestic TP deletion vide Finance Act, 2017 deemed omitted from inception; Remits directors remuneration transaction

Bangalore ITAT remits assessee’s claim of expenditure relating to payment of remuneration of directors (which fell under the erstwhile specified domestic transactions provisions under clause (i) of Sec.

Jan 03, 2018

ITAT: MCA-website information, data in public domain; Rejects Revenue's information non-availability plea

Delhi ITAT rules on selection of comparables in case of assessee providing business support services to AE for AY 2011-12; Holds that the information available in respect of

Dec 29, 2017

ITAT: Royalty payment when AE was independent entity, an ‘uncontrolled transaction’; Deletes TP-adjustment

Pune ITAT upholds CIT(A)’s deletion of TP-adjustments related to assessee’s payment of royalty to AE for AYs 2004-05 and 2005-06, rejects TPO’s Nil ALP determination; For AY 2003-04,

Dec 22, 2017

ITAT: Lehman collapse extraordinary, Indian arm gets another chance to substantiate Revenue-split method

Mumbai ITAT remits TP-adjustment in respect of provision of investment banking services by assesse (a Lehman Brothers Group entity in India) ​to AE for AY 2007-08; Notes that assessee

Dec 21, 2017

ITAT: Assessee can’t be penalized for attorney's mistake; Deletes TP-adjustment following SC-ruling ratio

Kolkata ITAT sets aside TP-adjustments ordered by TPO for AY 2011-12 and AY 2012-13 considering assessee’s plea that such adjustments resulted from incorrect advice by the assessee’s erstwhile

Dec 19, 2017

ITAT: TNMM requires only broad functional similarity; Retains Cybermate despite exclusion in earlier-year

Mumbai ITAT upholds AO’s retention of Cybermate Infotek Ltd. (chosen by assessee itself) as comparable for assessee providing low-end software development & localization services to AE for AY

Dec 19, 2017