ITAT: Remits TP-issues to decide assessee’s additional grounds along with main appeal grounds

Bangalore ITAT remits TP-issues for Aptean India for fresh decision for AY 2011-12; Notes that some additional grounds were raised by assessee before DRP but the same were not

Apr 03, 2018

ITAT: Applies TNMM over TPO’s CUP-method for technical fees benchmarking; Follows earlier-order

Delhi ITAT directs application of TNMM over TPO/DRP’s CUP-method for benchmarking assessee’s payment of technical know-how fee to AE for AYs 2012-13 & 2013-14; Follows co-ordinate bench ruling

Apr 03, 2018

ITAT: Excludes 6 comparables in software development segment; Remits comparability of Megasoft

Bangalore ITAT rules on selection of comparables in respect of assessee’s software development segment for AY 2006-07; Excludes 6 comparables on various grounds such as functional dissimilarity, absence

Apr 03, 2018

ITAT: Upholds DRP’s exclusion of prior-period expenses while computing PLI; Follows Dana-India ruling

Pune ITAT upholds DRP’s exclusion of prior period expenses while computing assessee’s PLI for AY 2010-11; Notes that during the year, assessee had debited certain prior period expenses

Apr 03, 2018

ITAT: Remits TP-issues back to AO to consider additional evidence filed by assessee

Chennai ITAT remits TP-issues back to AO for fresh adjudication after considering the additional evidence filed by assessee for AY 2012-13; Noting that the documents filed by assessee

Apr 02, 2018

HC: Dismisses Revenue’s appeal; Upholds exclusion of Genesys International & Coral Hubs

Bombay HC dismisses Revenue’s appeal challenging ITAT’s exclusion of Genesys International Corporation and Coral Hubs as comparables for AY 2008-09; Notes that ITAT, while excluding these comparables, had

Apr 02, 2018