ITAT: Quashes AO’s assessment order passed without incorporating DRP's mandatory directions

Bangalore ITAT quashes final assessment order passed by the AO u/s 143(3) r.w.s 92CA without incorporating the DRP’s directions for AY 2009-10; Notes that instead of passing the

Jan 11, 2018

ITAT: Rejects TPO's royalty restriction from 3% to 2%; Follows HC-ruling in own-case

Hyderabad ITAT deletes TP-adjustment stemming from TPO’s reduction of arm’s length royalty rate from 3% to 2% of assessee’s net sales for AY 2012-13; Follows jurisdictional HC ruling

Jan 11, 2018

ITAT: Rejects inclusion of Satyam-BPO for ITES-provider citing fraud; Distinguishes American Express ruling

Delhi ITAT rules on selection of comparables in respect of assessee provision of ITeS to AE for AY 2010-11; Accepts assessee’s contention to exclude 7 comparables (Accentia Technologies

Jan 11, 2018

ITAT: Remits Forward Foreign Exchange Contract (FFEC) transaction to consider additional evidences filed by assessee

Mumbai ITAT remits international transaction relating to Forward Foreign Exchange Contract (FFEC) for fresh adjudication after considering additional evidences filed before CIT(A) for AY 2007-08; Notes that TPO

Jan 10, 2018

ITAT: Accepts assessee’s plea for appeal withdrawal in light of resolution under unilateral-APA

Bangalore ITAT dismisses assessee’s for AY 2011-12, considers assessee submission that it had entered into a unilateral APA with CBDT and the settlement was executed for

Jan 09, 2018

ITAT: Rules on comparables selection in assessee’s software-development, ITES segments; Follows precedents

Bangalore ITAT rules on selection of comparables in assessee’s software development and ITeS segments for AY 2009-10; In software development segment, excludes 5 comparables (KALS Information Systems Ltd.,

Jan 09, 2018