ITAT: Upholds RPM where CUP-data fails to consider iron-ore quality, a price-determinant

Mumbai ITAT upholds DRP’s selection of RPM as MAM for assessee’s export of iron ore to AEs for AY 2010-11, confirms DRP’s direction “to consider the mean GP-rate

Jan 29, 2018

ITAT: 'Unallocable expenses' apportionment in turnover ratio unsustainable, excludes comparables as PLI-computation sheds credibility

Delhi ITAT, in second round of proceedings, rules on comparables selection for assessee engaged in rendering freight and forwarding services in domestic and international sectors for AY 2006-07;

Jan 25, 2018

ITAT: Call-options termination constitutes international transaction, Vodafone entities 'acted in concert'; Upholds TP-adjustment

Ahmedabad ITAT confirms Rs 1,588 Cr TP-adjustment on termination of option rights under IDFC agreement by Vodafone India Services P Ltd (assessee); During AY 2011-12, assessee terminated option

Jan 24, 2018

ITAT: Upholds AO's jurisdiction to determine ALP without TPO-reference; Allows assessee's grounds on comparables

Pune ITAT dismisses assessee’s additional ground against AO’s failure to refer ALP determination to TPO even though the value of international transactions (Rs. 10.42 Cr) for AY

Jan 24, 2018

SC: Dismisses Revenue’s SLP; Upholds HC’s royalty adjustment deletion relying on EKL-Appliances ruling

SC dismisses Revenue’s SLP challenging Delhi HC order confirming ITAT’s deletion of TP adjustment on royalty payment to AE for AY 2010-11; HC had rejected Revenue’s ground

Jan 22, 2018

ITAT: Comparable can’t be mirror image of assessee; Includes ASL despite certain different activities

Mumbai ITAT rules on selection of comparables for assessee engaged in the business of ship management services for AY 2011-12 & 2012-13; For AY 2011-12 & 2012-13, ITAT

Jan 22, 2018