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SC: Dismisses assessee’s SLP challenging HC’s direction to TPO to pass fresh order

Jun 07, 2023
  • In Favour of Revenue
  • Citation Number : TS-337-SC-2023-TP
  • Tax Payer : Motonic India Automotive Pvt Ltd

ITAT: Holds omission of Sec.92BA(i) invalidates TPO reference qua SDTs, follows precedents

Jun 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2023(Bang)-TP
  • Tax Payer : Bhuwalka Steel Industries Ltd

ITAT: Directs interest computation on outstanding receivables applying LIBOR+200bps

Jun 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-332-ITAT-2023(Bang)-TP
  • Tax Payer : Finastra Software Solutions (India) Pvt Ltd

ITAT: Quashes TPO/assessment orders as time-barred, follows Pfizer ruling

Jun 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-333-ITAT-2023(Mum)-TP
  • Tax Payer : World Sports (India) Pvt Ltd

ITAT: Remits TP adjustment qua sale of finished goods for fresh examination

Jun 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-325-ITAT-2023(HYD)-TP
  • Tax Payer : Auronext Pharma Private Limited

ITAT: Remits TP-adjustment qua linear agency services, fixes notional interest @6% on outstanding receivables

Jun 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2023(HYD)-TP
  • Tax Payer : Seaways Shipping and Logistics Ltd

ITAT: Imputes 0.5% fee on corporate & performance guarantees, prefers external TNMM for purchase/sale

Jun 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2023(PUN)-TP
  • Tax Payer : Bilcare Limited

ITAT: AMP expenses incurred are not ‘international transaction’; Follows earlier order

Jun 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-322-ITAT-2023(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt Ltd

ITAT: Remits TP-adjustment qua technical fees, annual license charges; Disallows adjustment u/s.37(1) pending reference to TPO

Jun 02, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-323-ITAT-2023(Mum)-TP
  • Tax Payer : Sulzer Pumps India Limited

ITAT: Excludes comparables under ITeS segment for segmental turnover below 1Cr, non-availability of information

Jun 02, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-324-ITAT-2023(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd

ITAT: Remits TP adjustment qua management fees, brand promotion fees and sales promotion expenses; Follows precedent

Jun 01, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-315-ITAT-2023(Bang)-TP
  • Tax Payer : United Brewries Ltd

ITAT: Deletes TP-adjustments qua royalty payment, distribution & SWD segments; Rules on comparables, follows earlier orders

Jun 01, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-320-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd

ITAT: No mark-up required for actual costs allocated to eligible unit absent service element

Jun 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-319-ITAT-2023(PUN)-TP
  • Tax Payer : Finolex Cables Ltd

ITAT: Partly allows assessee’s petition for rectification in Tribunal-order w.r.t comparables selection

May 31, 2023
  • In Favour of Assessee
  • Citation Number : TS-316-ITAT-2023(Bang)-TP
  • Tax Payer : Sprinklr India Private Ltd

ITAT: Dismisses Revenue’s miscellaneous petition challenging time barred Tribunal-order

May 31, 2023
  • In Favour of Assessee
  • Citation Number : TS-317-ITAT-2023(Bang)-TP
  • Tax Payer : Yokogawa India Ltd

ITAT: Excludes 5, includes 2 comparables qua SWD services; Allows working capital adjustment on actuals

May 31, 2023
  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2023(Bang)-TP
  • Tax Payer : SAP Labs India Private Limited

ITAT: Directs AO to give effect to TPO’s order considering TP adjustment at Nil

May 30, 2023
  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2023(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd

ITAT: Dismisses Eurofins appeal as 'not pressed' in light of APA agreement

May 30, 2023
  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2023(Bang)-TP
  • Tax Payer : Eurofins IT Solutions India Pvt Ltd

ITAT: Upholds interest on AE loan at LIBOR+2.5%, rejects upward revision for risk mark-up; Follows precedents

May 30, 2023
  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2023(Ahd)-TP
  • Tax Payer : Arvind Limited

ITAT: TPO's role limited to ALP computation, cannot examine whether actual benefit derived from management services

May 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-312-ITAT-2023(HYD)-TP
  • Tax Payer : Kalburgi Cement Private Limited