HC: Dismisses Revenue's appeal against ITAT-order excluding high turnover comparables; Follows Softbands ruling

Karnataka HC dismisses Revenue's appeal against ITAT order excluding various companies as comparable for AY 2012-13 applying turnover filter of 10 time assessee's turnover; HC peruses ITAT order,

Jul 06, 2018

HC: Dismisses Revenue's appeal against ITAT-order on comparable selection relying on Softbands ruling

Karnataka HC dismisses Revenue's appeal against ITAT order in Zyme Solutions case challenging comparable selection, treatment of foreign exchange gains/losses as operating item and other issues; Revenue had also

Jul 06, 2018

ITAT: Excludes 3 comparables for functional dissimilarity, segmental data unavailability in second appeal round

Delhi ITAT, in second round of proceedings pursuant to HC’s remand, rules on the limited issue of validity of inclusion of 3 comparables in assessee’s distribution, agency &

Jul 06, 2018

ITAT: Excludes functionally dissimilar Genesys International as comparable for ITeS provider

Delhi ITAT upholds exclusion of Genesys International Corporation Ltd for benchmarking assessee’s provision of ITeS to AE for AY 2009-10; Notes that Genesys was engaged in diversified business

Jul 06, 2018

SC: Dismisses Revenue’s SLP challenging exclusion of 100% government owned undertaking as comparable

SC dismisses Revenue’s SLP challenging HC’s rejection of 100% government owned undertakings as comparables for assessee providing emergency assistance and support services to AE for AY 2009-10; HC

Jul 06, 2018

ITAT: Adjudictes filters using segmental information not entity-level figures, rules on comparable selection

Bangalore ITAT adjudicates on comparable selection for assessee engaged in providing software development and IT enabled services to its AEs for AY 2010-11 and 2012-13; For AY

Jul 06, 2018

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