ITAT: Dismisses Revenue’s appeal & assessee’s cross objections in view of APA resolution

Hyderabad ITAT dismisses, as withdrawn, Revenue’s appeal and Wells Fargo India’s cross appeals in light of resolution under APA for AY 2011-12; Considers letter submitted by AO to

Apr 17, 2018

ITAT: Remits working capital adjustment issue for computation in line with subsequent AYs approach

Delhi ITAT remits issue of assessee’s claim of working capital adjustment back to AO/TPO for AY 2004-05; Notes that CIT(A) had allowed the working capital adjustment observing that

Apr 16, 2018

ITAT: Includes Vimta Labs, holds losses in relevant FY due to normal business risk

Mumbai ITAT rules on comparable selection in respect of assessee’s contract R&D services for AY 2012-13; Remits comparability issue for IDMA Laboratories Limited and Dolphin Medical Services Limited

Apr 16, 2018

ITAT: Rejects CIT(A)’s 0% RPT-filter for comparables selection for software developer; Remits 2 comparables

Bangalore ITAT rules on selection of comparables for assessee providing software development services to AEs for AY 2005-06; Accepts Revenue’s contention to include 6 comparables (including Four Soft)

Apr 16, 2018

ITAT: Admits audited segmental accounts as additional evidence; Remits ALP-determination

Mumbai ITAT admits additional evidence filed by assessee in the form of audited segmental accounts which CIT(A) refused to admit citing technical reasons; Follows co-ordinate bench ruling in Smt.

Apr 12, 2018

ITAT: Excludes 2 comparables in software-segment; Remits Jindal Intellicom’s FY-filter satisfaction in ITES-segment

Pune ITAT rules on selection of comparables in assessee’s software development and back office support services segments for AY 2012-13; In respect of software development segment, accepts assessee’s

Apr 12, 2018