ITAT: Grants stay extension to Mercedes Benz as appeals already heard and orders awaited

Bangalore ITAT grants extension of stay of demand to Mercedes Benz R&D India for AYs 2011-12 to 2013-14; Considers assessee’s submissions that the appeal was already heard and orders were awaited;

Jan 12, 2018

ITAT: Can’t add markup on services never received; Remits issue to consider additional evidences

Mumbai ITAT remits issue of charging markup on payment made to AE towards assessee’s unutilized capacity for AYs 2008-09 and 2009-10; Notes that assessee’s total installed capacity took

Jan 12, 2018

HC: Upholds 5 comparables exclusion for ITES-provider; Admits legal questions for 2 comparables

Delhi HC rules on Revenue’s appeal against ITAT’s order excluding 7 comparables for assessee’s ITeS segment for AY 2007-08, upholds exclusion of 5 comparables but admits legal questions

Jan 12, 2018

ITAT: Excludes 4 comparables for ITES provider; Restricts TP-adjustment only to AE-transactions

Mumbai ITAT excludes 4 comparables - Accentia Technologies Ltd, Genesys International Corporation Ltd, Coral Hubs Ltd and Eclerx Services Ltd in assessee’s ITES segment for AY 2008-09; Excludes

Jan 11, 2018

ITAT: Grants Rs.225cr demand stay to Wipro-GE; Royalty, software services etc. TP-adjustment in dispute

Bangalore ITAT grants stay of outstanding demand of Rs.225.92cr to Wipro GE Healthcare for AY 2013-14; Notes that demand arose due to TP-adjustment in respect of royalty, distribution and

Jan 11, 2018

ITAT: Holds write-backs on revenue account as part of operating income; Follows precedents

Pune ITAT accepts assessee’s plea for inclusion of Rs. 37.49cr representing write back in connection with revenue items as part of operating profit for AY 2007-08,

Jan 11, 2018