SC: Dismisses Revenue’s SLP with respect to TP-adjustment on AE loans & receivable

SC dismisses Revenue’s SLP challenging HC-order in case of assessee dealing in precious stones; Rajasthan HC had ruled in assessee’s favour in respect of TP-adjustments on notional interest on AE-receivables

Oct 04, 2018

ITAT: Grants stay extension as demand partly deposited and appeal partly heard

Bangalore ITAT grants extension of stay of outstanding demand to Essilor India for AY 2013-14; Notes that Tribunal had earlier granted stay (dated 09.03.2018) for 6 months subject

Oct 04, 2018

HC: Comparable selection, not necessarily question of law; Dismisses Revenue's appeal following Barclays-ruling

Bombay HC dismisses Revenue’s appeal for AY 2009-10 challenging ITAT order on selection of comparables for assessee providing software design and development services; Referring to ITAT order, HC holds that

Oct 04, 2018

HC: Directs DRP to consider assessee’s rectification on TP-issue along with its own application

Madras HC allows assessee’s writ, sets aside DRP’s rectification order passed under Rule 13 of the IT (DRP) Rules, 2009  for AY 2013-14, based only on its suo motu application

Oct 04, 2018

ITAT: Deletes Rs.73cr AMP-adjustment for manufacturer & seller of confectionary products; Follows earlier-order

Delhi ITAT deletes Rs.73.12cr AMP-adjustment in case of assessee (engaged in manufacture & sale of confectionary products) for AY 2010-11; Follows co-ordinate bench ruling in assessee’s own case

Oct 01, 2018

HC: Dismisses Revenue’s appeal against ITAT-order on AMP adjustment; Follows earlier ruling

Delhi HC dismisses Revenue’s appeal against ITAT order on TP adjustment with respect to AMP expenditure incurred by assessee distributor for AY 2010-11, relies upon HC order

Oct 01, 2018