ITAT: Quashes assessment in non-existent company's name; Sec 292B cannot rescue the Revenue

Delhi ITAT quashes assessment orders for AY 2011-12, passed in the name of non-existent entity, "Vertex Customer Services Private Limited" even after it merged with "Vertex Customer Management India

Jul 10, 2018

ITAT: Excludes 10 companies as comparable for captive ITeS service provider; Follows judicial precedents

Delhi ITAT rules on comparables selection for Captive ITeS Service provider for AY 2008-09, follows Tribunal ruling in assessee’s own case for AY 2007-08 and Symphony Marketing

Jul 10, 2018

ITAT: Quashes assessment in non-existent company's name; Deletes AMP-adjustment

Delhi ITAT allows assessee's additional ground, quashes assessment orders for AY 2009-10 and 2010-11, passed in the name of "Sony Ericsson Mobile Communications (India ) Private Limited” which

Jul 10, 2018

ITAT: Remits ALP-determination for GAP International’s international transactions; Follows earlier order

Delhi ITAT remits issue of ALP determination of international transactions for assesse acting as a sourcing support service provider for GAP group for AY 2013-14; Notes that co-ordinate bench in

Jul 10, 2018

ITAT: Dismisses McDonald’s appeal on TP-grounds in view of resolution under MAP

Delhi ITAT dismisses McDonald’s India’s TP-grounds for AYs 2010-11 & 2011-12 as not pressed, in view of resolution under MAP; Noting that assessee did not press the grounds

Jul 10, 2018

ITAT: Quashes assessment citing failure to follow CBDT Instruction 3/2003; Follows Calance Software ruling

Delhi ITAT allows assessee's additional ground, quashes assessments and deletes TP-adjustment for AY 2007-08 and 2008-09; Holds that since the value of assessee's international transactions was below Rs. 5

Jul 10, 2018

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