ITAT: Upholds turnover filter application; Includes Welcure Drugs as comparable for drug manufacturer

ITAT rules on application of turnover filter and selection of comparables for manufacturer of bulk drugs for AY 2007-08; On application of turnover filter, opines that “in large

Jul 05, 2018

ITAT: Turnover increase by Rs.2cr not exceptional, retains Brady & Morris as comparable for manufacturer

ITAT rules on selection of comparables for assessee engaged in manufacturing of material handling equipment for AY 2011-12; Accepts assessee’s plea for exclusion of WMI Cranes on the

Jul 05, 2018

ITAT: Upholds DRP’s onsite revenue filter as it meets parameter of Rule 10B(2)

Bangalore ITAT adjudicates on Revenue’s appeal as well as cross objections of assessee engaged in software development services and ITeS for AY 2011-12; Upholds inclusion of RS Software

Jul 05, 2018

ITAT: Excludes channel-owners but includes software distributor as comparable for channel distributor

ITAT, in second round of proceedings, rules on selection of comparables for TV channel distributor for AY 2006-07 and excludes 7 channel/content owner companies as comparables for assessee’s

Jul 04, 2018

ITAT: Rejects DRP’s retention of 9 functionally dissimilar comparables for larger comparable-set; Remits issue

ITAT remands selection of comparables back to TPO for software developer assessee for AY 2012-13; Rejects DRP’s action of retaining 9 functionally dissimilar comparables (out of the 13

Jul 04, 2018

HC: Dismisses Revenue’s appeal against ITAT's deletion of location advantage adjustment

Bombay HC dismisses Revenue’s appeal for AY 2009-10 in case of assessee providing contract manufacture, contract research and development of drugs services to its AE, upholds ITAT conlcusion on

Jul 02, 2018