ITAT: Revenue’s challenge against AMP-expenses when TP-issues attained finality amounts to re-opening, prohibited u/s 92CA(2C)

Mumbai ITAT declines entertaining/admitting Revenue’s additional ground for remitting issue of advertisement and publicity (AMP) expenses to TPO for examination from arm’s length perspective whether some benefit has

Mar 22, 2019

ITAT: Adopts same comparables for assessee-transferor as finalized for transferee pursuant to slump-sale

Mumbai ITAT deletes TP-adjustment for assessee engaged in provision of IT enabled services to its AE for AY 2008-09, retains the same set of comparables which were selected

Mar 22, 2019

SC: Revenue challenges quashing of non-existent entity assessment citing Skylight Hospitality; SC issues notice

SC issues notice pursuant to Revenue’s SLP against HC-order upholding ITAT’s quashing of assessment framed in the name of non-existent amalgamating company; Erstwhile entity viz. Suzuki Powertrain India

Mar 19, 2019

SC: Admits Revenue’s SLP challenging HC’s comparables selection & forex gain/loss treatment

SC admits Revenue’s SLP challenging HC-order in case of S.T. Ericsson India [software developer]; HC had upheld exclusion of 2 comparables [Tata Elxsi Limited and Thirdware Solutions] on

Mar 19, 2019

India finalizes Bilateral Competent Authority Agreement for exchange of CbCR with USA

India finalizes Bilateral Competent Authority Arrangement, along with an underlying Inter-Governmental Agreement, for exchange of CbC Reports between India and the USA to be signed on/before March 31, 2019; CBDT

Mar 15, 2019

SC: Dismisses Revenue’s SLP; HC had upheld ITAT’s comparables selection following Softbrands ratio

SC dismisses Revenue’s SLP against HC-order upholding ITAT’s exclusion of 3 comparables (Bodhtree Consulting, Tata Elxsi & Infosys Technology) and grant of working capital adjustment on actual basis

Mar 12, 2019