ITAT: Cannot include even a functionally similar company if it doesn't meet TPO's filters

Pune ITAT rules on selection of comparables for software development service provider assessee for AY 2008-09, follows precedents; Excludes Bodhtree Consulting Ltd., E-Zest Solutions Ltd., Helios &

Apr 20, 2018

ITAT: Rules on comparables in IT, ITeS segments; Remits working capital, risk adjustment claims

Banglore ITAT rules on selection of comparables in assessee’s IT & ITeS segments for AY 2009-10; In IT services segment, accepts assessee’s contention to exclude 2 comparables on

Apr 19, 2018

ITAT: Dismisses miscellaneous petition; Assessee can’t seek remedy before ITAT during HC-appeal pendency

Bangalore ITAT dismisses miscellaneous petition filed by Cable and Wireless Networks India against Tribunal order for AY 2009-10; Notes that assessee had filed an appeal before Karnataka HC against Tribunal

Apr 19, 2018

ITAT: Upholds AMP-adjustment deletion for Synthes Medical following earlier-orders

Mumbai ITAT dismisses Revenue’s appeal challenging deletion of AMP-adjustment of Rs.5.57cr made in case of assessee (engaged in the business of production, marketing and sale of instrument, implants

Apr 19, 2018

HC: DRP-order binding on AO; Upholds ITAT's confirmation of DRP's risk adjustment modification

Delhi HC upholds ITAT order on DRP’s modification in quantum of risk adjustment in case of Symphony Marketing Solutions India for AY 2010-11; Notes that ITAT had upheld

Apr 19, 2018

ITAT: Subsequent rectification not part of 'records' for Sec 254(2), dismisses Revenue's miscellaneous petition

Bangalore ITAT dismisses Revenue's miscellaneous petition against ITAT order quashing Revenue's appeal against final assessment order passed by AO without giving effect to DRP directions; Notes that AO,

Apr 18, 2018