Case Tracker

SC admits Revenue's SLP in Rs.8500 Cr Voda TP case

Supreme Court admits Revenue’s SLP against Bombay HC verdict in Vodafone India’s call options & call center case involving Voda-Hutch 2007 deal; Bombay HC, while deleting transfer pricing adjustment on assignment

May 13, 2016

HC: Allows ad-interim relief on 'non-speaking' reference to TPO; Considers CBDT Instruction No. 3/2016

HC allows interim relief in assessee’s special civil application challenging reference made by AO to TPO (in January 2016); Assessee raised a plea that TP reference was made by AO without affording hearing

May 06, 2016

HC : Passes interim-order on TP-adjustment restriction to AE transactions; Questions IT-Department's functioning

Bombay HC passes interim order in respect of Revenue’s appeal against restriction of TP adjustment only to AE transactions, notes Revenue counsel's argument that in another case viz Global Jewellery Revenue's appeal

Apr 27, 2016

ITAT Special-Bench hears on inbound interest-free loan TP-issue; ‘Base erosion’ main focus

ITAT Special Bench at Kolkata hears arguments on TP issue involving inbound interest-free loan granted by non-resident assessee to an Indian subsidiary; Assessee relies on Sec 92 (3) mandate to

Apr 23, 2016

Terming call options taxation a "substantial question", Revenue takes Voda dispute to SC

Revenue to file SLP before Supreme Court challenging Bombay HC’s ruling in Vodafone India’s call options & call center case involving Voda-Hutch 2007 deal; Bombay HC had deleted Rs 8,500cr

Apr 07, 2016

ITAT Special Bench to decide TP-issues involving inbound interest-free loan from NR assessee

Kolkata ITAT directs constitution of a Special Bench in the case of Instrumentarium Corporation (a non-resident assessee) on its transaction of granting interest free loan to Indian subsidiary for AY

Apr 04, 2016