Updates ( 5489 results )
ITAT: Quashes assessment order passed beyond one month from receiving DRP directions
Oct 21, 2021
- In Favour of Assessee
- Citation Number : TS-1131-ITAT-2016(DEL)-TP
- Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)
ITAT: Remits TP-adjustment on intra group services; Rejects TPO’s NIL ALP determination
Oct 20, 2021
- In Favour of Both, Partially
- Citation Number : TS-526-ITAT-2021(Bang)-TP
- Tax Payer : Lifestyle International (P) Limited
ITAT: Rejects Eclerx and TCS E-Serve for ITeS captive-service provider; Deletes outstanding AE-receivables TP-adjustment
Oct 20, 2021
- In Favour of Assessee
- Citation Number : TS-527-ITAT-2021(DEL)-TP
- Tax Payer : CPA Global Support Services India Private Limited
ITAT: Stays demand, subject to refund adjustment of 20%, considering favourable precedents
Oct 19, 2021
- In Favour of Assessee
- Citation Number : TS-1265-ITAT-2020(CHNY)-TP
- Tax Payer : Virtusa Consulting Services Private Limited
ITAT: Grants stay basis prima-facie case, subject to payment/ refund adjustment for 20% of demand
Oct 19, 2021
- In Favour of Assessee
- Citation Number : TS-525-ITAT-2021(HYD)-TP
- Tax Payer : Infor (India) Private Limited
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ITAT: Upholds ALP of interest-free AE-loan at LIBOR+300bps, quotes earlier-order; Acknowledges suo-motu adjustment
Oct 18, 2021
- In Favour of Assessee
- Citation Number : TS-519-ITAT-2021(Mum)-TP
- Tax Payer : Air Works India (Engineering) Pvt Ltd
ITAT: Eliminates Just Dial as comparable, cites difference in nature of services & business model
Oct 18, 2021
- In Favour of Assessee
- Citation Number : TS-524-ITAT-2021(PUN)-TP
- Tax Payer : Garrett Motion Technologies (India) Private Limited
ITAT: Upholds assessee's CUP over TPO’s TNMM; Accepts application of customs database, follows precedent
Oct 14, 2021
- In Favour of Both, Partially
- Citation Number : TS-521-ITAT-2021(DEL)-TP
- Tax Payer : TRL Riceland Pvt. Ltd
ITAT: Rules on comparables for software development segment; Remits 10 & Excludes 2 comparables
Oct 14, 2021
- In Favour of Both, Partially
- Citation Number : TS-523-ITAT-2021(Bang)-TP
- Tax Payer : Arista Networks India Private Limited
ITAT: Upholds CIT(A)'s LIBOR+5% rate for AE loans; Rules on comparables for SWD, manufacturing activity & more!
Oct 14, 2021
- In Favour of Both, Partially
- Citation Number : TS-520-ITAT-2021(DEL)-TP
- Tax Payer : Omaxe Ltd
ITAT: Companies having export-turnover functionally dissimilar to ones operating in domestic-market; Remits ALP determination
Oct 14, 2021
- In Favour of Assessee
- Citation Number : TS-522-ITAT-2021(DEL)-TP
- Tax Payer : BWI Automotive Technologies Pvt Ltd
ITAT: Remits AMP-adjustment for establishing existence of international-transaction, separation from royalty-payment; Follows precedent
Oct 13, 2021
- In Favour of Assessee
- Citation Number : TS-513-ITAT-2021(Bang)-TP
- Tax Payer : Kontoor Brands India Pvt Ltd
ITAT: Deletes TP adjustment on intra-group services and interest on AE receivables
Oct 13, 2021
- In Favour of Assessee
- Citation Number : TS-514-ITAT-2021(DEL)-TP
- Tax Payer : Avery Dennison (India) P Ltd
ITAT: Upholds non-applicability of Sec 271(G) penalty; TP documents furnished immediately after second notice
Oct 12, 2021
- In Favour of Assessee
- Citation Number : TS-510-ITAT-2021(DEL)-TP
- Tax Payer : WIPRO GE Health Care Pvt. Ltd
ITAT: Deletes Sec.271J penalty; Assessee not an ‘accountant’, ‘merchant banker’ or ‘registered valuer’
Oct 12, 2021
- In Favour of Assessee
- Citation Number : TS-509-ITAT-2021(DEL)-TP
- Tax Payer : Danfoss Power Solutions Pvt Ltd
ITAT: Grants further stay extension of 6 months to Google India; Follows Pepsi Foods
Oct 12, 2021
- In Favour of Assessee
- Citation Number : TS-507-ITAT-2021(Bang)-TP
- Tax Payer : Google India Private Limited
ITAT: Applying Autodesk ruling, excludes 6 comparables for software development segment; Restores TP adjustment
Oct 12, 2021
- In Favour of Both, Partially
- Citation Number : TS-511-ITAT-2021(Bang)-TP
- Tax Payer : Biesse Manufacturing Company Private Limited
ITAT: Deletes TP-adjustment on SDT covered under erstwhile Sec 92BA(i); Directs examination u/s 40A(2)
Oct 12, 2021
- In Favour of Assessee
- Citation Number : TS-508-ITAT-2021(Bang)-TP
- Tax Payer : Cauvery Aqua Private Limited
ITAT: Sets aside non-speaking order deleting Sec.271(1)(c) penalty, directs deliberation on SC-ruling applicability
Oct 11, 2021
- In Favour of Revenue
- Citation Number : TS-503-ITAT-2021(Mum)-TP
- Tax Payer : Royal Star Jewellery Private Ltd.
ITAT: Grants permission for assessee’s withdrawal of TP appeal absent Revenue's objection
Oct 11, 2021
- In Favour of Assessee
- Citation Number : TS-504-ITAT-2021(Mum)-TP
- Tax Payer : MWH India Pvt Ltd