HC: Upholds forex-fluctuation treatment as operating item, follows Cashedge; Admits legal question on comparables

HC upholds ITAT’s consideration of forex gain/ losses as operating for assessee & comparables while determining ALP for AY 2010-11; While arriving at its decision, ITAT

Jan 16, 2018

HC: Directs Pepsico to pay Rs.15 Cr demand on disputed AMP-issue

Delhi HC disposes of the assessee’s writ petition in respect of ITAT’s refusal to grant interim orders for suspending the tax demand for AY 2013-14; Notes that demand

Jan 15, 2018

ITAT: Non-adjudication of ground, mistake apparent from record; Recalls Tribunal-order for adjudicating E-infochips exclusion

Bangalore ITAT allows Revenue’s miscellaneous petition (MP) contending Tribunal’s non-adjudication of ground no.7 of its appeal (regarding exclusion of E-Infochips Ltd from the list of comparables for software

Jan 15, 2018

ITAT: Holds outstanding AE-receivables as an international transaction following AMD-ruling; Remits credit-period determination

Bengaluru ITAT dismisses assessee’s appeal against DRP/TPO’s imputing of notional interest on outstanding receivable from AEs for AY 2009-10, follows AMD India Tribunal ruling; Finds the issue

Jan 12, 2018

ITAT: Stays 50% of demand subject to refund adjustment/payment for remaining amount

Kolkata ITAT grants stay to the extent of 50% of outstanding demand while directing payment/adjustment of refunds for balance amount in respect of AY 2013-14; Notes assessee's argument

Jan 12, 2018

ITAT: Directs lifting of bank- attachment considering favourable earlier year order & refund due

Hyderabad ITAT directs lifting of attachment of bank account in case of assessee Plante Online P Ltd for AY 2011-12 till disposal of appeal; Notes assessee's contention that

Jan 12, 2018