HC: Applying expenses based RPT-formula only to one comparable distorts picture, remits issue

Delhi HC remits back to ITAT, the issue of comparability of Keynote Corporate Service Ltd and Motilal Oswal Investment Advisors Pvt. Ltd. in case of assessee engaged in

Mar 19, 2018

SC: Dismisses SLP against HC's quashing of final assessment without passing draft order

SC dismisses Revenue's SLP against Delhi HC decision setting aside final assessment order for AY 2011-12 passed without first issuing draft assessment order as mandated by Sec 144C; HC had noted that

Mar 19, 2018

ITAT: Quashes final assessment order making TP-adjustment on entity-level; Follows HC-rulings

Delhi ITAT sets aside final assessment order making TP-adjustment of Rs.16.26cr in respect of international transaction of provision of software development services on entity level for AY 2013-14;

Mar 16, 2018

ITAT: Deletes outstanding AE-receivables TP-adjustment absent interest charged to non-AE in similar scenario

Delhi ITAT deletes TP-adjustment on account of imputing notional interest on outstanding AE-receivables for AY 2009-10; Notes that TPO re-characterized the outstanding AE-receivables as loan facility and imputed

Mar 16, 2018

ITAT: Dismisses assessee’s appeal against non-existent draft order proposing TP-adjustment as infructuous

Delhi ITAT dismisses assessee’s appeal filed against non-existent AO’s order for AY 2012-13; Notes that TPO initially proposed TP-adjustment of Rs.61.52cr pursuant to which AO passed the draft

Mar 16, 2018

ITAT: Grants conditional stay on demand arising on account of AMP-adjustment

Mumbai ITAT grants stay of outstanding demand of Rs.59.83 lakhs to Edwards Lifesciences for a period of 6 months or till the date of passing of the order,

Mar 16, 2018