ITAT: Remits ALP determination of AE-loan & corporate guarantee to consider assessee’s additional evidence

Kolkata ITAT remits ALP determination in respect of corporate guarantee & loan given to AE by assessee (engaged in the business of owning and operating ships, primarily

Sep 27, 2018

ITAT: Grants stay on AMP issue related demand subject to Rs 21 Cr payment in instalments

Bangalore ITAT grants stay of demand for AY 2012-13 and 2013-14  subject to partial payment of Rs.21 crores in 4 instalments as against total outstanding demand of Rs.183 crores; Notes that

Sep 27, 2018

ITAT: Excludes Indusind Information Technology from comparables; Upholds CIT(A)’s order deleting TP-adjustment

Kolkata ITAT upholds CIT(A)’s order deleting TP-addition  for AY 2008-09 in respect of assessee providing BPO services to its AE; Dismisses Revenue’s grounds seeking inclusion of Indusind Information Technology

Sep 27, 2018

ITAT: Deletes TP-adjustment on royalty payment to AE; Follows earlier-order

Kolkata ITAT deletes TP- adjustment of Rs.1.9 cr in respect of assessee’s royalty payment to Orica International Pte Ltd (AE) for AY 2013-14; Follows

Sep 27, 2018

ITAT: Remits comparability of Acropetal to consider information filed subsequent to TP-documentation

Chennai ITAT restores comparability of Acropetal Technologies for benchmarking Renault Nissan’s international transaction for AY 2013-14; Notes that though assessee itself selected AcropetalTechnologies as a comparable, it sought its

Sep 27, 2018

ITAT: Accepts plea for correction of TP-adjustments considering unilateral APA; Remits issue

Kolkata ITAT accepts assessee’s appeal seeking correctness of TP- adjustments for AYs 2010-11, 2011-12 & 2012-13; Notes that assessee filed an application for advance pricing agreement (APA) for

Sep 27, 2018