ITAT: Accepts Rs.200cr turnover-filter application to exclude Infosys & Wipro; Follows Autodesk ruling

Bangalore ITAT rules on selection of comparables for assessee engaged in ITes for AY 2008-09; Dismisses Revenue’s plea and upholds CIT(A)’s decision of excluding 2 comparables, namely, Infosys

Jul 17, 2019

ITAT: Deletes TP-addition for construction contract; Considers POCM settles issues on contract completion

Delhi ITAT allows assessee’s appeal challenging TP-addition of Rs.25.90 crores and dismisses Revenue’s appeal challenging CIT(A)’s deletion of TP-addition of Rs.32.38 crores on account of international transaction of

Jul 17, 2019

ITAT: Remits ALP-determination of guarantee-fee receipt citing TPO’s disregard of ‘interest saved approach’

Delhi ITAT remits ALP-determination of assessee’s receipt of guarantee fee from AE for AY 2011-12; Notes that approach adopted by TPO/DRP for ALP-determination was not in consonance with

Jul 16, 2019

HC: Dismisses Revenue’s appeal, upholds ITAT’s internal comparison of AE-transactions with non-AE transactions

Delhi HC dismisses Revenue’s appeal against ITAT order directing benchmarking of international transactions with AE by making internal comparison on the net margin earned by the assessee from

Jul 16, 2019

ITAT: Rules on comparables; Remits issue of APA applicability for cost allocation transaction

Pune ITAT rules on selection of comparables & risk adjustment for assessee’s Business Support Services (BSS) and  Application Engineering Design Services (AEDS) segments, remits for verification of applicability

Jul 15, 2019

ITAT: Sets-aside CIT(A)'s ex-parte order; Assessee's non-appearance no ground for not discussing on merits

Delhi ITAT remits TP-adjustment back to CIT(A) (in case of assessee engaged in trading and manufacturing of Spark Plugs and Auto Sensors) for AY 2010-11; CIT(A) noted in

Jul 12, 2019