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Income tax Appellate Tribunal

ITAT: Grants Rs.277cr demand stay to PepsiCo subject to 20% deposit; AMP-adjustment in dispute

  • In Favour of Assessee
  • Citation Number : TS-1067-ITAT-2017(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd
High Court

HC: Revenue Officers get tongue-lashing for 'unholy' desire to multiply litigations; Exemplary costs imposed

  • In Favour of Assessee
  • Citation Number : TS-14-HC-2018(KAR)-TP
  • Tax Payer : Epson India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Corporate guarantee provided without cost, outside ‘international transaction’ ambit; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-13-ITAT-2018(Kol)-TP
  • Tax Payer : EIH Ltd
Income tax Appellate Tribunal

ITAT: Obsolete stock write-off an extraordinary event, not international transaction; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2018(Mum)-TP
  • Tax Payer : Safilo India Private Limited
High Court

HC:Upholds forex-fluctuation treatment as operating item, follows Cashedge; Admits legal question on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1066-HC-2017(DEL)-TP
  • Tax Payer : Rolls Royce India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects 'benefit test' under garb of 'CUP' for intra-group services ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-1065-ITAT-2017(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Limited
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s PSM using external controlled comparables for benchmarking derivatives marketing services

  • In Favour of Assessee
  • Citation Number : TS-11-ITAT-2018(Mum)-TP
  • Tax Payer : Barclays Bank PLC
High Court

HC: Directs Pepsico to pay Rs.15 Cr demand on disputed AMP-issue

  • In Favour of Revenue
  • Citation Number : TS-1064-HC-2017(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Non-adjudication of ground, mistake apparent from record; Recalls Tribunal-order for adjudicating E-infochips exclusion

  • In Favour of Revenue
  • Citation Number : TS-1063-ITAT-2017(Bang)-TP
  • Tax Payer : Applied Material India P Ltd
High Court

HC:Modifies ITAT-order regarding applicability of ‘other method’; ITAT to decide issue afresh

  • In Favour of Both, Partially
  • Citation Number : TS-1062-HC-2017(DEL)-TP
  • Tax Payer : Springer (India) Private Limited
Income tax Appellate Tribunal

ITAT: Holds outstanding AE-receivables as an international transaction following AMD-ruling; Remits credit-period determination

  • In Favour of Revenue
  • Citation Number : TS-1061-ITAT-2017(Bang)-TP
  • Tax Payer : Ingersoll Rand (India) Ltd
Income tax Appellate Tribunal

ITAT: Stays 50% of demand subject to refund adjustment/payment for remaining amount

  • In Favour of Assessee
  • Citation Number : TS-1060-ITAT-2017(Kol)-TP
  • Tax Payer : Atlas Healthcare Software (India) Ltd
Income tax Appellate Tribunal

ITAT:Directs lifting of bank- attachment considering favourable earlier year order & refund due

  • In Favour of Assessee
  • Citation Number : TS-1059-ITAT-2017(HYD)-TP
  • Tax Payer : Planet Online P Ltd
Income tax Appellate Tribunal

ITAT:Grants stay extension to Mercedes Benz as appeals already heard and orders awaited

  • In Favour of Assessee
  • Citation Number : TS-1058-ITAT-2017(Bang)-TP
  • Tax Payer : Mercedes Benz Research & Development India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Can’t add markup on services never received; Remits issue to consider additional evidences

  • In Favour of Assessee
  • Citation Number : TS-1057-ITAT-2017(Mum)-TP
  • Tax Payer : Affinity Global Advertising Pvt. Ltd (Formerly known as Hostway Solutions Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Rejects remand request, cannot allow premium on TPO's careless and callous approach

  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2018(Mum)-TP
  • Tax Payer : Franklin Templeton International Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Grants Rs.225cr demand stay to Wipro-GE; Royalty, software services etc. TP-adjustment in dispute

  • In Favour of Assessee
  • Citation Number : TS-1056-ITAT-2017(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds write-backs on revenue account as part of operating income; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1055-ITAT-2017(PUN)-TP
  • Tax Payer : Suessen Asia Private Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO's royalty restriction from 3% to 2%; Follows HC-ruling in own-case

  • In Favour of Assessee
  • Citation Number : TS-1054-ITAT-2017(HYD)-TP
  • Tax Payer : RAK Ceramic India Private Limited
Income tax Appellate Tribunal

ITAT: Mismatch between Form 15CA and ROI not risk parameter for TPO-reference; Quashes revision

  • In Favour of Assessee
  • Citation Number : TS-1053-ITAT-2017(DEL)-TP
  • Tax Payer : Amira Pure Foods Pvt Ltd