1. VOLUME NO.: LLAT/1529 OF 2016-17 DATE: 16 August 2016
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Dear Client,
We have pleasure in listing below some of the recent legal landmarks.
SrNo Authority Section/Rules RATIO(S)
Citation /Subject CASE(NAME OF ASSESSEE)
1.1 GUJ HC 92C ITA
Company having fluctuating and erratic results should be excluded from list of
comparables
1.2 72TM305 Transfer pricing
Allscripts (India) (P.) Ltd.
2.1 HYD ITAT 30 to 38 ITA
Depreciation should be excluded but the interest and remuneration to working
partners are allowable as deduction as it does not fall under section 30 to 38 of the
Act.
2.2 47CCH715 Depreciation
SAI SREE DEVELOPERS PVT. LTD
3.1 DEL ITAT 92C ITA
TP provisions arent applicable when income on basis of ALP either decreases
income or increases loss
3.2 72TM323 Transfer pricing
Mercer Consulting India (P.) Ltd
4.1 HYD ITAT 271(1)(c), 54B ITA
Mere making of the claim which is not sustainable in law by itself will not amount to
furnishing of inaccurate particulars regarding the income of the A
4.2 47CCH736 Penalty
SOLDIER SCHOLARS STUDY
5.1 KOL ITAT 92C ITA
Foreign entity cant be selected as a tested party under Indian TP regulations
5.2 72TM324 Transfer pricing
AT & S India (P.) Ltd.
6.1 BOM HC 92C ITA
While determining ALP benchmarking to be made for transactions of AE and not on
entire turnover
6.2 72TM325 Transfer pricing
Hindustan Unilever Ltd
