ITAT: Excludes Accentia, Cosmic Global, Crossdomain & Infosys-BPO for ITES provider; Follows precedents

Delhi ITAT excludes 4 companies (Accentia Technologies, Cosmic Global, Crossdomain Solution and Infosys BPO) as comparables for the assessee providing ITES to AE, relies on information contained in the annual

Dec 15, 2017

ITAT: Accepts Shroff Engineering as functionally comparable to assessee manufacturer; Dismisses Revenue’s appeal

Delhi ITAT accepts Shroff Engineering as a comparable for assessee engaged in the manufacturing and sale of pumps for AY 2010-11; Disregarding DRP’s rejection of this company merely

Dec 15, 2017

ITAT: Deletes TP-adjustment on AMP spend and brand royalty; Follows earlier orders

Delhi ITAT deletes TP adjustments of Rs.311.88 crores on account of AMP expenses and Rs.237.24 crores on account of payment of royalty for AY 2008-09, follows co-ordinate bench

Dec 14, 2017

ITAT: Upholds CIT(A)’s deletion of adjustment relating to SIA/RBI approved royalty; Follows earlier-order

Pune ITAT upholds CIT(A)’s rejection of Nil ALP in respect of royalty payment by assessee (engaged in manufacturing and sale of drive train components) to Dana Corporation US

Dec 14, 2017

ITAT: Dismisses condonation application absent sufficient cause for 117 days appeal filing delay

Mumbai ITAT refuses to condone assessee’s 117 days delay in filing appeal (including TP-issues) for AY 2009-10 for failure to establish sufficient cause to condone delay; Noting that

Dec 13, 2017

ITAT: Upholds CIT(A)'s corporate guarantee adjustment deletion, interest-rate ALP restriction; Follows earlier order

Rajkot ITAT upholds CIT(A)’s deletion of TP-adjustment in respect of corporate guarantee for AY 2010-11, follows co-ordinate bench ruling in assessee's own case for AY 2009-10 (heard alongwith this

Dec 13, 2017