ITAT: Remits Readers Digest AMP-adjustment citing different product promotion mechanism

Delhi ITAT remits AMP-issue back to AO/TPO for fresh adjudication for AY 2011-12as TPO/DRP failed to prove that the said AMP activity had an element of international transaction

Jan 10, 2019

ITAT: Bad debt Provision though operating, not deductible if unrelated to relevant year turnover

Bangalore ITAT disposes assessee’s miscellaneous petition holding that though provision for bad and doubtful debts is an operating expense but still the same could not be considered for

Jan 10, 2019

ITAT: Wrong nomenclature of PLI doesn’t affect MAM-selection; Upholds CPM for services sale-purchase

Kolkata ITAT upholds Cost Plus Method (CPM) as most appropriate method (MAM) for ALP determination of transaction of sale and purchase of services by assessee (engaged in  developing

Jan 10, 2019

ITAT: Allows miscellaneous petition; Recalls Tribunal order to decide ground regarding royalty adjustment

Ahmedabad ITAT allows assessee’s Miscellaneous Application against ITAT decision dated 11.08.2016 for AY 2007-08 in respect of ground pertaining to adjustment on royalty payment; Observes that Tribunal confirmed

Jan 10, 2019

ITAT: Rejects assessee’s RPM as alternative TP-method, if transaction not at ALP under TNMM

Bangalore ITAT rules on selection of comparables for assessee engaged in software development and distribution for AY 2011-12; In software distribution segment, rejects assessee’s ground seeking to adopt

Jan 09, 2019

ITAT: Adopts LIBOR+200bps as interest free AE-advances ALP; Corporate guarantee, international transaction, post-2012

Hyderabad ITAT rules on TP-adjustment on grant of interest-free advances and corporate-guarantee to AE by assessee (engaged in engaged in the business of providing services to power transmission

Jan 09, 2019