ITAT: Deletes adjustment on receivables for debt-free assessee; Rules on comparable selection

ITAT rules on selection of comparables for assessee providing engineering design services (EDS), Financial Accounting Support services (FAS) and IT Infrastructure Support Services (IT Infra) to its AEs

Sep 25, 2018

ITAT: Deletes TP-adjustment on FCCDs interest, follows earlier ITAT ruling

Delhi ITAT deletes TP-adjustment on interest paid to AE on Fully and Compulsory Convertible Debentures (FCCD) for AY 2012-13; Holds that TPO made a factual mistake in

Sep 24, 2018

ITAT: Dismisses Revenue’s appeal on TP- grounds as infructuous considering resolution under APA

Mumbai ITAT dismisses Revenue’s appeal, challenging rejection of comparables ( Motilal Oswal Investment Advisors Ltd & New berry Advisors Ltd) for assessee providing investment advisory services, as infructuous

Sep 24, 2018

ITAT: Refuses to deal with ground on foreign comparables as issue merely academic

Mumbai ITAT finds that though rejection of foreign comparables selected by assessee was challenged before DRP, DRP did not decide the issue since on the basis of its

Sep 24, 2018

ITAT: Upholds guarantee commission ALP at 0.5% as against TPO’s 2.25%; Follows Everest Kento

Mumbai ITAT dismisses Revenue’s appeal, upholds CIT(A) order determining guarantee commission ALP at 0.5% for assessee (engaged in the business of software development, designing / data conversion services, purchase and

Sep 24, 2018

ITAT: Corporate guarantee outside 'international transaction' ambit, follows earlier year ITAT-ruling

Kolkata ITAT deletes TP-adjustment towards Corporate guarantee fees for AY 2013-14; Relies upon ITAT order for AY 2012-13 wherein ITAT deleted the TP adjustment by stating that

Sep 24, 2018