Case Tracker

HC: Upholds 5 comparables exclusion for ITES-provider; Admits legal questions for 2 comparables

Delhi HC rules on Revenue’s appeal against ITAT’s order excluding 7 comparables for assessee’s ITeS segment for AY 2007-08, upholds exclusion of 5 comparables but admits legal questions

Jan 12, 2018

SC: Admits assessee's SLP against Cushman and Wakefield judgment on benchmarking of reimbursements

SC admits assessee's SLP against Delhi HC decision in Cushman and Wakefield case for AY 2006-07 holding that benchmarking with similar transactions necessary for reimbursements; HC had held that only

Oct 10, 2017

SC: SC to hear Revenue's challenge against deletion of TP-adjustment on sourcing activity

SC to hear Revenue's challenge against Delhi HC ruling in the case of assessee (engaged in sourcing of apparels from India for its AE) for AY 2008-09 confirming deletion

Aug 10, 2017

HC: Admits assessee’s appeal against allocation of expenses among segments based on GP-margin

Delhi HC admits assessee’s appeal against ITAT-order directing apportionment of “un-allocable costs" among assessee's 3 segments (viz. marketing support services, trading and domestic) based on gross profit (GP)

Aug 09, 2017

HC: Admits Revenue’s appeal against ITAT-order deleting TP-addition on freight sharing transaction

Bombay HC admits Revenue’s appeal against ITAT order deleting TP addition on assessee’s freight sharing transactions for AY 2005-06; ITAT had accepted new method of profit sharing based

Jul 10, 2017

HC: Admits Deloitte’s appeal challenging concealment penalty on disallowance of marketing cost reimbursement

Bombay HC admits appeal filed by Deloitte Consulting India (assessee) challenging penalty u/s 271(1)(c) on disallowance of reimbursement of marketing cost and denial of Sec. 10A benefit

Jun 16, 2017