ITAT: Accepts assessee’s contention to include 6 comparables following principle of consistency

Delhi ITAT rules on selection of comparables, treatment of forex loss, provisions and liabilities written back and income from provision of management support service to AEs for

Oct 17, 2018

ITAT: Companies providing KPO services, outsourcing work not comparable to ITES provider

Mumbai ITAT rules on selection of comparables and treatment of fixed assets write off for assessee engaged in providing consultancy services for AY 2009-10; Rejects Revenue’s ground against DRP’s

Oct 17, 2018

ITAT: Remits comparable selection and ALP-computation for assessee's content development service

Delhi ITAT sets aside TPO's selection of comparables and computation of margins for AY 2009-10, remits issue of ALP-determination back to the file of AO/TPO; Finds that the

Oct 17, 2018

ITAT: Upholds AE-loan as foreign currency loan; Advancing loan from Indian account, irrelevant

Delhi ITAT upholds DRP order, dismisses Revenue’s appeal against deletion of TP-adjustment towards interest on loan to AE for AY 2011-12; Notes that assessee had advanced loan

Oct 16, 2018

ITAT: Remits ALP-determination as assessee accepted recharacterization as engineering design service provider

Chennai ITAT remits issue of ALP-determination noting that TPO's recharacterization of services provided by assessee as engineering design services is not contested by assessee for AY 2013-14; Originally,

Oct 16, 2018

ITAT: Remits depreciation disallowance considering ALP-determination of trademark purchase remanded in earlier AY

Delhi ITAT remits issue of disallowance of depreciation on trademark acquired from AE  in AY 2007-08, observes that such disallowance made for AY 2011-12 is unsustainable in

Oct 16, 2018

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