ITAT: Quashes final assessment order making TP-adjustment on entity-level; Follows HC-rulings

Delhi ITAT sets aside final assessment order making TP-adjustment of Rs.16.26cr in respect of international transaction of provision of software development services on entity level for AY 2013-14;

Mar 16, 2018

ITAT: Deletes outstanding AE-receivables TP-adjustment absent interest charged to non-AE in similar scenario

Delhi ITAT deletes TP-adjustment on account of imputing notional interest on outstanding AE-receivables for AY 2009-10; Notes that TPO re-characterized the outstanding AE-receivables as loan facility and imputed

Mar 16, 2018

ITAT: Dismisses assessee’s appeal against non-existent draft order proposing TP-adjustment as infructuous

Delhi ITAT dismisses assessee’s appeal filed against non-existent AO’s order for AY 2012-13; Notes that TPO initially proposed TP-adjustment of Rs.61.52cr pursuant to which AO passed the draft

Mar 16, 2018

ITAT: Grants conditional stay on demand arising on account of AMP-adjustment

Mumbai ITAT grants stay of outstanding demand of Rs.59.83 lakhs to Edwards Lifesciences for a period of 6 months or till the date of passing of the order,

Mar 16, 2018

ITAT: Rules on comparables selection in ITES-segment; Confirms R-Systems, Caliber Point exclusion for following different-FY

Bangalore ITAT rules on comparables selection in respect of assessee’s ITeS segment for AY 2012-13; Accepts assessee’s plea for exclusion of Infosys BPO and TCS e-Serve (engaged in

Mar 14, 2018

ITAT: Directs uniform application of filters to all comparables; Remits issue

Bangalore ITAT remands the issue of application of filters to all comparables uniformly while selecting the comparables for AY 2013-14; On perusal of TPO’s order, notes that while

Mar 14, 2018