ITAT: Applies 10 times turnover range to exclude 3 comparables; Follows Acusis HC-ruling

Bangalore ITAT rules on comparables selection for assessee rendering software development services to its AE for AY 2013-14; Accepts assessee’s plea to exclude 3 companies, namely, Larsen and

Jan 07, 2019

ITAT: Minor difference in assessee & TPO’s ALP, not basis for Sec 271(1)(c)-penalty levy

Jaipur ITAT deletes concealment penalty levied u/s 271(1)(c) in relation to the TP-addition in respect of assessee’s (engaged in manufacturing and export of jewellery) international transaction of advancing

Jan 04, 2019

ITAT: Includes ICRA Management Consultancy as comparable for investment advisor; Follows earlier-order

Mumbai ITAT rules on selection of comparables for assessee providing non-binding investment advisory services to AE) for AY 2010-11; Accepts assessee’s plea to include ICRA Management Consultancy Services

Jan 04, 2019

ITAT: Adopts 0.5% as guarantee commission ALP; Follows earlier orders

Mumbai ITAT determines guarantee fee ALP at 0.5% in respect of corporate guarantee provided by assessee (engaged in the business of manufacturing of conductor,oil and rubber) to its

Jan 04, 2019

ITAT: Accepts assessee's Rule 27-Application; AO’s TP-adjustments lack jurisdiction absent mandatory TPO reference

Pune ITAT dismisses Revenue’s appeal, admits assessee’s application under Rule 27 of ITAT Rules, 1963 which provides that ‘Respondent may support order on grounds decided against him’ owing to CIT(A)’s

Jan 04, 2019

ITAT: Excludes Accentia & Cat Technologies for medical transcription service provider; Follows precedents

Delhi ITAT rules on comparables selection for assessee (engaged in the business of rendering medical transcription services) to AE for AY 2007-08; Rejects Revenue’s plea and upholds exclusion

Jan 03, 2019