ITAT: Terms DRP’s action ‘contemptuous’ for not following earlier-order in granting 5% tolerance benefit

Bangalore ITAT sets aside TPO/DRP’s order denying 5% tolerance benefit under proviso to Sec 92C(2) to assessee (engaged in foreign inward money transfers, buying and selling of foreign

Apr 18, 2018

ITAT: Grants partial stay against payment of Rs. 3 Cr noting excess refund adjustment

Bangalore ITAT grants conditional stay to CGI Information Systems and Management P Ltd for AY 2013-14, directs part payment of Rs. 3 Cr by 25.03.2018; Notes that as

Apr 18, 2018

HC: Dismisses Revenue’s appeal; Upholds Li & Fung HC-ruling application to Gap’s case

Delhi HC dismisses Revenue’s appeal challenging ITAT’s deletion of TP-adjustment following co-ordinate bench ruling in ‘Li and Fung India Pvt. Ltd. case; Rejects Revenue’s submission that there were

Apr 18, 2018

ITAT: Grants stay for 3 years, directs partial payment in one year

Bangalore ITAT grants stay of demand of Rs. 8.72 Cr and 7.91 Cr for AY 2010-11 and  AY 2011-12 respectively till disposal of appeal, notes that assessee had paid 52%

Apr 18, 2018

ITAT: Dismisses Revenue's miscellaneous petition on non-adjudication of ITeS related ground

Bangalore ITAT dismisses Revenue's miscellaneous petition for AY 2010-11 claiming that ITAT did not adjudicate on ground relating to Information Technology Enabled Services (ITES); Notes that ITAT in

Apr 17, 2018

ITAT: Remits AMP-issue for importer & manufacturer of high-end crystal components following earlier-order

Delhi ITAT remits AMP-adjustment in respect of assessee (engaged in the business relating to import, manufacture, sale and export of all kind of high end crystal components for

Apr 17, 2018

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