ITAT: Dismisses miscellaneous application; Tribunal-order clear on segmental results consideration for comparables selection

Hyderabad ITAT dismisses assessee’s miscellaneous application seeking rectification of Tribunal order regarding TP-adjustment towards international transaction of software development services for AY 2012-13; Observes that in para 5.2

Mar 25, 2019

ITAT: Quashes draft-order passed without following Sec 144C mandate; Follows Eaton-Fluid, distinguishes Skylight ruling

Chennai ITAT rules in assessee’s favour, quashes draft assessment order passed by AO without meeting the mandatory requirements u/s 144C for AY 2014-15; Notes that along with passing

Mar 25, 2019

ITAT: Deletes TP-adjustment on corporate guarantee, interest-free AE-loan; Follows precedents

Ahmedabad ITAT holds that assessee’s issuance of corporate guarantee on behalf of AE, without incurring any specific costs, does not constitute an international transaction for AY 2009-10; Notes

Mar 25, 2019

ITAT: Upholds manufacturer assessee’s 3% royalty payment at ALP; Follows earlier-orders

Ahmedabad ITAT upholds CIT(A)-order deleting TP-adjustment on account of the international transaction of royalty payment by assessee (engaged in the business of manufacturing and trading in Hitachi Brands of Home Appliances) to

Mar 25, 2019

ITAT: Upholds CIT(A)-order directing segmental margin verification; Rejects Revenue’s new plea challenging expense-allocation

Ahmedabad ITAT, in second round of proceedings, dismisses Revenue’s appeal and upholds CIT(A)’s order directing TPO/AO to verify correctness of segmental margins for AY 2008-09; Notes that CIT(A),

Mar 22, 2019

ITAT: Remits TP-adjustment on intra-group services and interest on AE-loan; Follows earlier order

Delhi ITAT remits TP-adjustment on account of intra group services received by assessee [engaged in business of prospecting for exploration and production of crude oil and natural gas] for AY 2011-12; Notes

Mar 22, 2019