Case Tracker

Madras HC stays DRP’s Rs. 750 Cr TP-adjustment on Hyundai Motors India

Madras HC grants interim stay on DRP order making Rs. 750 Cr TP-adjustment in case of assessee, Hyundai Motors India Ltd; Assessee filed a writ petition challenging DRP order enhancing

Jan 31, 2017

Denso India files SLP challenging HC-decision confirming TP-adjustment on component purchase

Denso India (assessee) files SLP before SC against Delhi HC decision accepting CUP method for benchmarking transaction of component purchase, despite application of entity-level TNMM to other transactions and confirming

Jan 27, 2017

HC: Admits Revenue’s appeal challenging ITAT’s comparable inclusion merely for acceptance in preceding AY

Bombay HC admits Revenue’s appeal against ITAT order for AY 2008-09 accepting ‘EDCIL (India) Ltd’ as comparable to assessee rendering business support services merely on the basis that

Dec 19, 2016

Wipro assails 'curious, wild best judgment' Rs. 250 cr SDT adjustment; HC admits writ

Karnataka HC passes interim order in writ petition filed by assessee challenging TPO’s order for AY 2013-14 whereby 40% adjustment (more than Rs. 250cr) was made on Specified Domestic Transactions

Dec 08, 2016

HC: Admits Revenue’s appeal on comparable selection for services relating to investment banking

Bombay HC admits Revenue’s appeal against ITAT decision for AY 2005-06 in case of assessee providing marketing and support services to its AE in respect of investment banking

Dec 06, 2016

SC: Admits Revenue's SLP challenging ITAT's power to grant stay beyond 365 days

SC admits Revenue’s SLP against Punjab and Haryana HC ruling for AY 2009-10 wherein HC had upheld ITAT’s powers to grant stay beyond 365 days; HC had noted that the

Dec 05, 2016