ITAT: Quashes CIT(A) order as additional evidence admitted without a speaking order

ITAT admits Revenue's additional ground that in the absence of evidence filed before the TPO, the CIT(A) erred in holding royalty payment was genuine and deductible; Observes that

Feb 03, 2015

SC: Dismisses Revenue's SLP in Voda India’s call-centre case; HC to decide on merits

SC disposes Revenue’s SLP in Vodafone India’s call options & call center case involving Voda-Hutch 2007 deal; Notes that Mumbai ITAT has already decided in favour of Revenue

Jan 31, 2015

ITAT: Excludes comparables functionally different to assessee rendering advisory & support services; Follows precedents

Allows assessee's appeal for exclusion of certain comparables on grounds of functional dissimilarity, relies on earlier Co-ordinate Bench decisions; Excludes 'Cross Domain Solutions' engaged in high end KPO

Jan 28, 2015

ITAT: Grants conditional stay of demand upon partial payment of Rs. 75 lakhs in 2 instalments

Grants stay of outstanding demand, till earlier of expiry of 6 months or disposal of appeal subject to assessee depositing Rs. 75 lakhs in 2 instalments; The TP

Jan 28, 2015

ITAT: TPO to allow 0.85% risk-adjustment as earlier computed, but absent in final analysis

ITAT follows decision in the case of Ness Innovative Business, and excludes 7 functionally different companies, not comparable to pure software services developer assessee; Also excludes 'Flextronics' engaged

Jan 23, 2015

ITAT: Grants full stay; Balance of convenience in assessee’s favour as comparables, covered matter

Grants full stay of outstanding demand, till earlier of expiry of 6 months or disposal of appeal subject to assessee not seeking adjournment, except under exceptional and bonafide

Jan 22, 2015

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