Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
ITAT partially allowed the assessee's appeal regarding transfer pricing adjustments. The Tribunal excluded seven companies (Tata Elexis Limited, E-Infochips Ltd, Larsen and Tourbo Infotech Limited, Infosys Ltd, Persistent Systems Limited, Infobeans Technologies Limited, and Thirdware Solutions Limited) from comparables following precedent, while retaining R S Software due to functional similarity. Mindtree Limited was excluded due to diverse service offerings and lack of segmental data. The Tribunal directed inclusion of Akshya Software and Sagar Soft as comparables but rejected Sankhya Infotech due to high R&D expenditure. Working capital adjustment was granted using average opening-closing balances. For interest on trade receivables, separate benchmarking was mandated at LIBOR plus 200 basis points with 60-day credit period. MAT credit was allowed subject to verification.
ITAT partially allowed the assessee's appeal regarding transfer pricing adjustments. The Tribunal excluded seven companies (Tata Elexis Limited, E-Infochips Ltd, Larsen and Tourbo Infotech Limited, Infosys Ltd, Persistent Systems Limited, Infobeans Technologies Limited, and Thirdware Solutions Limited) from comparables following precedent, while retaining R S Software due to functional similarity. Mindtree Limited was excluded due to diverse service offerings and lack of segmental data. The Tribunal directed inclusion of Akshya Software and Sagar Soft as comparables but rejected Sankhya Infotech due to high R&D expenditure. Working capital adjustment was granted using average opening-closing balances. For interest on trade receivables, separate benchmarking was mandated at LIBOR plus 200 basis points with 60-day credit period. MAT credit was allowed subject to verification.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
