ITAT: Directs adoption of TNMM; Follows earlier ITAT order in assessee's own case

Bangalore ITAT restores TP issue for AY 2006-07 back to AO/TPO, directs adoption of TNMM; Notes that in earlier order, ITAT had directed adoption of TNMM, thus holds

Oct 17, 2017

ITAT: Remits TP-adjustment in ITeS-segment to apply 15.76% margin agreed under Indo-US MAP

Mumbai ITAT remits TP-adjustment in assessee’s ITeS segment for adjudicating the issue afresh in terms of resolution reached under MAP agreement for AY 2010-11; Considers assessee’s submission that

Oct 17, 2017

ITAT: Dismisses Revenue's miscellaneous petition filed beyond 6 months of passing of ITAT order

Bangalore Tribunal dismisses miscellaneous petition filed by Revenue in case of Brocade Communications Systems P Ltd for AY 2010-11 citing delay in filing; Referring to provisions of Sec. 254(2)

Oct 17, 2017

ITAT: Remits TP issues following earlier year order in assessee's own case

Bangalore ITAT remits TP issue for AY 2012-13 to AO/TPO following ITAT order for years 2006-07 to 2011-12; Holds that "Since remitted issues are sub-judice before lower authorities,

Oct 17, 2017

ITAT: Quashes cryptic DRP order, restores matter to DRP for fresh consideration

Bangalore ITAT holds DRP order for AY 2011-12 to be cryptic, restores matter to DRP for fresh consideration; Notes that DRP rejected assessee's ground that functional comparability was

Oct 17, 2017

ITAT: Grants stay considerign 76% demand discharge, prima-facie case on e-Clerx comparable exclusion

Hyderabad ITAT grants stay of outstanding demand of Rs.2.40cr to Quislex Legal Services for a period of 180 days or till appeal disposal, whichever is earlier, for AY

Oct 17, 2017