Case Tracker

HC: Admits Revenue’s appeal against ITAT order holding AMP-expense incurrence not international transaction

Bombay HC admits Revenue’s appeal against ITAT-order in the case of Heinz India holding that AMP-expenses incurred does not constitute an international transaction for AY 2008-09 absent agreement between assessee and

Sep 17, 2019

HC to decide Sec 263-proceedings validity against final assessment order passed sans draft-order

Delhi HC entertains assessee’s writ petition challenging show-cause notice (SCN) dated 31.07.2019 issued by Pr.CIT for revision proceedings u/s 263; During remand proceedings, AO passed final assessment order dated 12.11.2018

Sep 13, 2019

HC: Adjourns assessee’s petition against ITAT’s rejection of rectification plea on comparables selection

Bombay HC adjourns assessee’s petition challenging ITAT-order which rejected the rectification application against the original ITAT order for AY 2010-11, to 9 October 2019; Finds that ITAT in its original

Sep 05, 2019

SC: Revenue files SLP against HC-order on guarantee commission & AE-loan interest

Revenue files SLP against HC ruling in case of Manugraph India Ltd for AY 2008-09; HC had upheld ITAT’s adoption of LIBOR+2% as ALP for benchmarking interest in respect of

Aug 19, 2019

SC adjourns SLPs against HC-orders deciding TP-issues following Softbrands

SC adjourns SLPs (SAP Labs India being the lead case) against HC-orders deciding TP-issues following Softbrands; Matter likely to be listed in first week of September 2019 

Aug 06, 2019

SC: Reserves judgment on validity of HC-order invalidating TP-adjustment absent TPO-reference

SC admits Revenue’s SLP and reserves judgment on validity of HC-order invalidating TP-adjustment absent TPO reference (where value of international transaction exceeded Rs. 5cr) for AY 2005-06; Noting that AO’s

Aug 06, 2019