Case Tracker

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

Delhi HC: Stays TPO-reference on grounds of CBDT Circular 3/2016 violation, issues notice to Department

Delhi HC stays reference to TPO made by AO u/s 92CA  during reassessment proceedings for Infonox Software (assessee) for AY 2011-12, issues notice to Department; AO made the reference during

Feb 14, 2019

HC: Admits Revenue’s appeal against ITAT-order deleting Sun Pharma’s TP-adjustment involving IPR-transfer arrangement

Gujarat HC admits Revenue’s appeal against ITAT order deleting the TP-adjustments totaling to Rs.137.76cr for assessee (an Indian Pharma company engaged in manufacturing of bulk drugs as well

Jan 25, 2019

HC: Admits Revenue’s appeal against ITAT’s quashing of Sec 263-order concerning TP-computation issue

Rajasthan HC admits Revenue’s appeal challenging ITAT-order in case of Prakash Chopra, frames substantial question of law as “Whether on the facts and in the circumstances of the

Jan 25, 2019

HC: Bombay HC to examine TPO's jurisdiction to scrutinize SDT absent AO's reference

Bombay HC provides ad-interim relief to Times Global Broadcasting Company, explains that it would like to further analyze the question of TPO’s jurisdiction to examine any domestic transaction

Dec 11, 2018