ITAT: Rejects Tribunal’s income enhancement by considering guarantee commission in ALP; Allows miscellaneous-application

Mumbai ITAT allows assessee’s miscellaneous application against Tribunal order for AY 2008-09; Notes that though TPO/CIT(A) did not make any adjustment with respect to corporate guarantee, ITAT set

Jan 08, 2018

ITAT: Dismisses assessee's miscellaneous petition alleging non-adjudication of some TP-grounds

Bangalore ITAT dismisses assessee's miscellaneous petition alleging non-adjudication of certain TP grounds for AY 2010-11 to 2012-13; Assessee had raised grounds against rejection of its TP documentation by

Jan 08, 2018

ITAT: Rejects miscellaneous-petition seeking additional evidence consideration regarding receipt of intra-group services

ITAT rejects assessee's miscellaneous petition for AY 2006-07 and 2007-08 raising a contention that ITAT failed to consider additional evidence filed by the assessee to prove the receipt

Jan 08, 2018

ITAT: Allows miscellaneous petition; Recalls order dismissing assessee's appeal in limine

Bangalore ITAT allows miscellaneous petition filed by assessee, recalls ITAT order for AY 2012-13 whereby appeal was dismissed in limine for non-prosecution; Assessee claimed that notice for hearing

Jan 08, 2018

ITAT: Classifies assessee as low-end BPO; Rejects comparables with ‘shady past’ record

Delhi ITAT rules on selection of comparables in assessee’s back office research support services (ITeS) segment for AY 2007-08; Upon perusal of assessee’s Master Intellectual Property Agreement

Jan 08, 2018

ITAT: Rejects Swiss Re ruling reliance on turnover filter; Remits comparability following Chryscapital ruling

ITAT rules on selection of comparables & grant of risk, depreciation adjustments for assessee providing business process outsourcing services to AE for AYs 2009-10 & 2011-12; For AY

Jan 05, 2018