ITAT: Hitachi Singapore’s LO constitutes PE in India; Directs profit-attribution under TNMM

Delhi ITAT [in second round of litigation] rules that Liaison Office (‘LO’) of Hitachi High Technologies’ [assessee-company incorporated in Singapore, engaged in ‘trading’ operations across ASEAN countries in

Sep 18, 2019

ITAT: Confirms validity of tax-return filed without Form 3CEB absent AO’s defect intimation; Quashes reassessment

Pune ITAT dismisses Revenue’s ground, upholds CIT(A) order treating tax return filed by assessee without Form 3CEB as valid for AY 2008-09; States that u/s 139(9), when return

Sep 13, 2019

ITAT: Rules on DRP’s scope; Holds restoring fresh-ALP determination to AO/TPO outside DRP’s jurisdiction

Pune ITAT sets-aside assessment order passed by AO as null and void for AY 2012-13, holds DRP exceeded its jurisdiction in restoring the matter to AO/TPO for undertaking

Sep 11, 2019

HC: Dismisses Revenue’s appeal; Reiterates TP-regime, anti-tax avoidance, not anti-tax evasion provision

Bombay HC dismisses Revenue’s appeal against ITAT-order challenging restriction of TP-adjustment to international transactions, comparable selection and risk adjustment for assessee (engaged in designing and developing products in CAD/CAM

Sep 11, 2019

ITAT: Cash-PLI not restrictive to capital intensive industry, accepts application for software developer

Kolkata ITAT approves cash-PLI application for non-capital intensive industry, accepts assessee’s AE/non-AE segment reporting and cost allocation and rules on comparables for assessee engaged in provision of software

Sep 10, 2019

ITAT: Deletes Rs.354cr AMP-adjustment absent L’Oreal India rendering DEMPE functions for AE-brands

Pune ITAT deletes AMP-adjustment of Rs.354.73 crores, finding that Revenue failed to prove the existence of any 'understanding'/ an 'arrangement'/ 'action in concert' as per which the assessee

Aug 30, 2019