ITAT: Salary ​reimbursement for ​Morgan Stanley's seconded employee not FTS​; Deletes TP mark-up

Mumbai ITAT holds that payment received by assessee (Singapore company) during AY 2006-07 & 2007-08 from its associate​d enterprise ​in India viz. ​Morgan Stanley Advantage Services Private Limited (MSAS)

Jul 18, 2018

ITAT: Rejects CPM considering huge differences in FAR of assessee’s domestic & export division

ITAT deletes TP-adjustment, upholds TNMM over TPO’s CPM as MAM for benchmarking export transaction for Himalaya Drug Company (assessee - partnership firm engaged in the business of manufacture

Jul 16, 2018

HC: Quashes Tribunal’s non-condonation of delay; Can’t burden assessee to establish order non-service

Karnataka HC sets aside ITAT order refusing to condone delay in filing of appeal and thus dismissing assessee's appeal against TP adjustment for AY 2003-04 ; Notes that

Jul 16, 2018

ITAT: Deletes concealment penalty; Considers AO 'bizarre' approach in granting tax-holiday benefit on TP-adjustment

Delhi ITAT deletes penalty u/s 271(1)(c) on TP-adjustment in case of assessee providing IT/software development services to its AE for AY 2002-03; Notes that TP-adjustment was made on

Jul 16, 2018

ITAT: Rejects TPO’s order based on “wrong FAR” of Wolters Kluwer’s business support services

Delhi ITAT remits issue of ALP-determination in respect of assessee’s provision of business support services to AE considering that entire TP analysis was made by the TPO on

Jul 11, 2018

HC: Rs. 655 cr refund 'release' for Vodafone, assuages Dept's Idea merger concerns via bank guarantee

Delhi HC directs Revenue to revoke provisional attachment order u/s. 281B and release refund of Rs. 655.67 cr. due to Vodafone Mobile Services Ltd. (assessee) within a week’s time of

Jul 09, 2018

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