HC: Dismisses Revenue's appeal on comparable selection for provider of investment advisory services

Bombay HC dismisses Revenue's appeal against ITAT ruling on comparable selection for assessee engaged in providing investment advisory services to AE, holds that no substantial question of

Oct 16, 2018

ITAT: Remits ALP-determination of management fee payment ; Benefit derived explained by assessee

Delhi ITAT rejects TPO's Nil ALP-determination of intra-group service payment to AE for AY 2010-11, remits issue back to the file of AO/TPO for fresh consideration; Notes that

Oct 12, 2018

ITAT: Dismisses stay but directs no coercive measures for Epson India’s demand recovery

Bangalore ITAT dismisses Epson India’s petition seeking stay of outstanding demand of Rs.23.4 cr for AY 2014-15, grants early hearing of appeal on October 4, 2018 and directs

Oct 12, 2018

ITAT: Rules on comparables selection for investment advisor; Follows precedents

Mumbai ITAT rules on selection of comparables, for an assessee engaged in investment advisory services for AY 2012-13; Allows assessee’s appeal and rejects Ladderup Corporate Advisory selected by

Oct 10, 2018

ITAT: Upholds CIT(A)-order considering bad debts written-off as operating item for margin computation

Bangalore ITAT rules on selection of comparables in assessee’s software development & ITeS segments for AY 2004-05; In software segment, upholds CIT(A)’s direction to consider operating margin of Goldstone Technologies

Oct 10, 2018

ITAT: Deletes TP-adjustment on corporate guarantee & AE-loan; Follows EIH ruling

Kolkata ITAT upholds deletion of Rs.6.97cr TP-adjustment in respect of interest on loan granted to AE @ 5% interest for AY 2012-13; Notes that while TPO arrived

Oct 10, 2018