HC: Appropriateness of method per se cannot give rise to 'question of law'

Delhi HC holds that appropriateness of the 'most appropriate method' per se does not raise a question of law since it involves analysis of facts done first by

Apr 13, 2018

ITAT: Explains time barring provisions u/s 144C and their applicability; DRP cannot condone delay

Chennai ITAT upholds DRP order rejecting assessee’s objections against draft assessment order filed beyond 30 days time limit stipulated u/s 144C(2) for AY 2013-14, however, also sets aside

Apr 13, 2018

ITAT: Sec 271AA penalty unsustainable for non-disclosure of share-issue transaction in Form 3CEB pre-2012 amendment

Delhi ITAT upholds CIT(A)’s deletion of Sec 271AA penalty imposed by AO for failure to disclose international transaction pertaining to receipt of share capital from AE for AY

Apr 13, 2018

ITAT: Deprecates Revenue’s conduct seeking appeal adjournment while requesting stay vacation; Grants partial-stay

Chandigarh ITAT grants partial stay to GlaxoSmithKline Consumer Healthcare Limited for AYs 2008-09 to 2010-11 in respect of demand raised on account of advertisement, marketing and promotion (AMP)

Apr 12, 2018

HC: Excludes Quintegra, persistent losses with declining turnover indicates abnormal functional circumstances

Delhi HC dismisses Steria India’s appeal against ITAT’s inclusion of Thirdware Solutions and exclusion of CG-VAK Software and Exports and Quintegra Solutions as comparables in its software development

Apr 11, 2018

ITAT: Discards Revenue's geographical, FAR differences plea between domestic-exports segments for rejecting internal-comparables

Pune ITAT rules on selection of MAM and use of internal comparables for benchmarking export and import transactions of assessee (manufacture of heavy commercial vehicles) for AY 2009-10;

Apr 10, 2018