SC: Dismisses SLP against HC-order deleting royalty addition

SC dismisses SLP against Rajasthan HC judgment confirming deletion of TP adjustment of Rs. 1.03 Cr on payment of royalty; Tribunal had rejected TPO's CUP and held assessee's

Jul 09, 2018

ITAT: Acquisition of company overseas doesn’t make it incomparable; Bad-debts provision, an operating item

ITAT rules on selection of comparables for assessee engaged in rendering ITeS to AE for AY 2012-13; Excludes Infosys BPO and TCS eServe on grounds of high turnover

Jul 09, 2018

ITAT: Excludes Bodhtree, Infosys, Persistent and Tata Elxsi for software-developer; Follows Yodlee Infotech

Bangalore ITAT rules on comparables’ selection in respect of assessee’s software development services for AY 2009-10; Noting assessee’s business profile being similar to that of Yodlee Infotech’s, follows

Jul 09, 2018

ITAT: Quashes AO’s order incorporating DRP-directions issued ex-parte on comparables; Remits issue

ITAT sets aside AO’s order incorporating ex parte directions issued by DRP in case of Jamcracker Software Technologies for AY 2011-12; Notes that as none appeared on assessee’s

Jul 07, 2018

ITAT: E-Zest, not KPO, retains as comparable for assessee providing software & distribution services

Hyderabad ITAT rules on selection of comparables for assessee providing software & distribution services to AE for AY 2010-11; Excludes 4 comparables on grounds of functional dissimilarity, absence

Jul 06, 2018

HC: Dismisses Revenue's appeal against ITAT-order deleting TP-adjustment; Follows Softbands ruling

Karnataka HC dismisses Revenue's appeal against ITAT order deleting TP-adjustment in case of assessee's software development services for AY 2003-04; HC peruses ITAT order wherein ITAT found assessee's

Jul 06, 2018

Pages

Top