ITAT: Upholds TP-adjustment deletion on corporate guarantee; Follows earlier order

ITAT upholds CIT(A)’s deletion of TP-adjustment in respect of corporate guarantee given by assessee to AEs for AY 2012-13; Notes that AO/TPO treated corporate guarantee as an international

Jun 15, 2018

ITAT: Quashes re-assessment based on Form 3CEB reporting, requirements of Sec 147 not met

Pune ITAT upholds DRP order quashing re-assessment proceedings initiated against the assessee for AYs 2005-06 and 2006-07; Referring to Form 3CEB disclosure of management service fee received from

Jun 15, 2018

ITAT: Allows capacity utilization adjustment for engineering design provider considering Parent Co’s bankruptcy

ITAT rules on comparables selection and various adjustments for assessee providing IT based engineering design services to AE for AY 2010-11; Upholds TPO’s application of export revenue filter,

Jun 15, 2018

ITAT: Rules on comparables for Investment-Advisor; Remits miscellaneous income, sponsorship expenses treatment for PLI-computation

ITAT rules on comparables selection, treatment of sponsorship, brokerage expenses and miscellaneous income while computing PLI for assessee engaged in providing investment advisory services for AY 2009-10; Excludes

Jun 15, 2018

ITAT: Deletes interest on delayed AE-receivables; Follows Pegsystems, Kusum Healthcare rulings

Hyderabad ITAT deletes interest adjustment made on assessee’s [engaged in software development services] outstanding AE-receivables for AY 2011-12; TPO observing considerable delay in realization of receivables from its

Jun 14, 2018

ITAT: Rejects TPO’s Nil ALP for management cost allocation; Follows earlier-order

Ahmedabad ITAT rejects TPO/CIT(A)’s Nil ALP-determination in respect of allocation of management fees, being assessee’s share of total common cost incurred by the associate concerns relating to the

Jun 14, 2018