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Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for assessee’s software development service segment; Follows earlier order

Dec 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1125-ITAT-2019(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
High Court

HC: Confirms ITAT’s comparable-selection absent perversity in finding of facts; Dismisses Revenue’s appeal

Dec 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1124-HC-2019(P & H)-TP
  • Tax Payer : Equant Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers CUP over CPM for benchmarking raw material purchased by pharmaceutical manufacturer

Dec 04, 2019
  • In Favour of Revenue
  • Citation Number : TS-1123-ITAT-2019(Mum)-TP
  • Tax Payer : Fulford (India) Limited
Income tax Appellate Tribunal

ITAT: Grants Sec 10A-deduction on TP-adjustment offered in modified return pursuant to APA resolution

Dec 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1122-ITAT-2019(PUN)-TP
  • Tax Payer : Dar Al Handasah Consultants (Shair & partners) India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on outstanding AE-receivables; Follows earlier-order

Dec 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1121-ITAT-2019(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Adopts internal-TNMM for benchmarking AE-exports citing cue in Rule 10B(1)(e)(ii) on internal-comparables preference

Dec 04, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1120-ITAT-2019(PUN)-TP
  • Tax Payer : Carraro India Pvt Ltd (as a successor of Turbo Gears India Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Deletes concealment penalty w.r.t. TP-adjustment finding ALP computed in accordance with Sec 92C

Dec 03, 2019
  • In Favour of Assessee
  • Citation Number : TS-1119-ITAT-2019(Mum)-TP
  • Tax Payer : Sitel India Ltd
Income tax Appellate Tribunal

ITAT: Directs set-off of advance against receivables for making TP-adjustment on AE-receivables; Remits issue

Dec 03, 2019
  • In Favour of Assessee
  • Citation Number : TS-1118-ITAT-2019(HYD)-TP
  • Tax Payer : Kony India Private Limited
High Court

HC: Dismisses Revenue’s appeal; Upholds ITAT-order excluding Alphageo citing functional dissimilarity

Dec 03, 2019
  • In Favour of Assessee
  • Citation Number : TS-1117-HC-2019(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on attribution of HO’s income share in invoices raised; Follows earlier-orders

Dec 03, 2019
  • In Favour of Assessee
  • Citation Number : TS-1116-ITAT-2019(Mum)-TP
  • Tax Payer : DNV GL SE-India Branch
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables in ITeS, 9 comparables in IT segments; Follows precedents

Dec 03, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1115-ITAT-2019(DEL)-TP
  • Tax Payer : Agilent Technologies (International) Private Limited
Income tax Appellate Tribunal

ITAT: Remits comparability issue back to CIT(A) for fresh decision; Follows earlier order

Dec 02, 2019
  • In Favour of Assessee
  • Citation Number : TS-1114-ITAT-2019(Bang)-TP
  • Tax Payer : IHS Global Private Limited (formerly known as IHS Parts Managements Private Limited)
High Court

HC:Directs AO to complete assessment, pending finality on whether limitation u/s 92CA(3A) is mandatory/directory

Dec 02, 2019
  • In Favour of Assessee
  • Citation Number : TS-1113-HC-2019(MAD)-TP
  • Tax Payer : PFIZER HEALTHCARE INDIA PVT LTD
High Court

HC:Adjourns Lintas India’s writ against AO’s reassessment-notice; Grants ad-interim stay

Dec 02, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1112-HC-2019(BOM)-TP
  • Tax Payer : Lintas India Pvt Ltd
High Court

HC:Quashes TPO-reference absent AO’s redressal of assessee’s preliminary objections against reassessment

Dec 02, 2019
  • In Favour of Assessee
  • Citation Number : TS-1111-HC-2019(KAR)-TP
  • Tax Payer : Essilor India Private Limited
Income tax Appellate Tribunal

ITAT:Excludes functionally dissimilar E4e Healthcare for technical support service provider; Follows earlier order

Nov 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-1110-ITAT-2019(PUN)-TP
  • Tax Payer : Schlumberger India Technology Centre Pvt Ltd (earlier known as Schlumberger Global Support Centre Ltd.)
Income tax Appellate Tribunal

ITAT: Denudes Revenue from challenging DRP-order pursuant to TPO accepting assessee’s TP-contentions in remand

Nov 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-1109-ITAT-2019(PUN)-TP
  • Tax Payer : Nord Drive Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparable-selection for stock broking, merchant banking service provider; Follows precedents

Nov 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-1108-ITAT-2019(Mum)-TP
  • Tax Payer : Daiwa Capital Markets India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs examination of assessee’s evidences for rendition of intra-group services dehors benefit test

Nov 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-1107-ITAT-2019(DEL)-TP
  • Tax Payer : Jones Lang LaSalle Property Consultants (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables-selection for Software Development Services & ITes segments; Follows precedents

Nov 29, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1106-ITAT-2019(Bang)-TP
  • Tax Payer : Indecomm Global Services (India) Pvt Ltd