Updates ( 9006 results )
ITAT: Directs TPO to dispose off assessee’s rectification application w.r.t non-consideration of loss as per revised return
- In Favour of Assessee
- Citation Number : TS-280-ITAT-2023(Mum)-TP
- Tax Payer : Shapoorji Pallonji Oil and Gas Pvt Ltd
ITAT: Upholds external TNMM as MAM, deletes TP adjustment qua reimbursement of expenses; Distinguishes ruling in own case
- In Favour of Assessee
- Citation Number : TS-281-ITAT-2023(Mum)-TP
- Tax Payer : Canvas M Technologies Ltd
ITAT: Directs consideration of comparable by making suitable adjustment for different financial year
- In Favour of Both, Partially
- Citation Number : TS-282-ITAT-2023(Mum)-TP
- Tax Payer : Jardine Lloyd Thompson India Private Limited
ITAT: Directs application of turnover filter range at 10 times, adopts interest on receivables @ LIBOR+200bps
- In Favour of Both, Partially
- Citation Number : TS-277-ITAT-2023(HYD)-TP
- Tax Payer : iMedX Information Services Pvt ltd
ITAT: Remits adjustment qua management fee payment; Quashes time-barred assessment orders
- In Favour of Both, Partially
- Citation Number : TS-279-ITAT-2023(CHNY)-TP
- Tax Payer : Durr India Private Limited
ITAT: Accepts RPM over CUP qua purchase of finished goods from AE, basis incomplete data, ignored geographical differences
- In Favour of Both, Partially
- Citation Number : TS-278-ITAT-2023(DEL)-TP
- Tax Payer : Thales DIS India Pvt Ltd
ITAT: Directs AO/TPO to adopt interest @LIBOR+200 bps on receivables, follows precedents
- In Favour of Both, Partially
- Citation Number : TS-274-ITAT-2023(HYD)-TP
- Tax Payer : Kantar GDC India Private Limited
ITAT: Upholds TPO/CIT(A)'s determination of notional interest @LIBOR+500 bps on AE-loans
- In Favour of Both, Partially
- Citation Number : TS-275-ITAT-2023(Mum)-TP
- Tax Payer : M Pallonji Shipping Pvt Ltd
ITAT: Sets aside orders passed in the name of non-existent company post conversion into LLP; Follows precedents
- In Favour of Assessee
- Citation Number : TS-276-ITAT-2023(Ahd)-TP
- Tax Payer : Allscripts (India) LLP (As a successor in interest of Allscripts India Pvt. Ltd)
ITAT: Upholds RPM as MAM for pure distributor citing AMP expenditure not a determinant; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-270-ITAT-2023(Mum)-TP
- Tax Payer : Bristol Myers Squibb India Private Limited
ITAT: Excludes comparables applying upper turnover filter; Remits adjustment qua interest on outstanding receivables
- In Favour of Both, Partially
- Citation Number : TS-271-ITAT-2023(Bang)-TP
- Tax Payer : TEKTRONIX INDIA PVT LTD
ITAT: Upholds rejection of functionally dissimilar comparables qua correspondent banking services
- In Favour of Both, Partially
- Citation Number : TS-272-ITAT-2023(Mum)-TP
- Tax Payer : The Bank of Nova Scotia
ITAT: Considers gross profit/sales as PLI for auto components segment; Follows earlier order
- In Favour of Both, Partially
- Citation Number : TS-273-ITAT-2023(Bang)-TP
- Tax Payer : Toyota Industries Engine India Pvt Ltd
ITAT: Deletes TP adjustment qua notional interest on delayed AE receivables; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-267-ITAT-2023(DEL)-TP
- Tax Payer : Daawat Foods Ltd
ITAT: Remits TP-adjustment qua reimbursement of relocation/travel costs of seconded employees
- In Favour of Both, Partially
- Citation Number : TS-268-ITAT-2023(Mum)-TP
- Tax Payer : Vodafone India Limited
ITAT: Remits TP-adjustment qua guarantee fee for examining assessee's 'interest saved approach' under 'other method'
- In Favour of Both, Partially
- Citation Number : TS-269-ITAT-2023(Mum)-TP
- Tax Payer : JSW Steel Ltd
ITAT: Adjudicates issue qua validity of time-barred assessment orders, follows precedents
- In Favour of Both, Partially
- Citation Number : TS-264-ITAT-2023(CHNY)-TP
- Tax Payer : Eaton Power Quality Pvt Ltd
ITAT: Quashes revisionary jurisdiction u/s 263 assumed on wrong premise; Follows precedent
- In Favour of Assessee
- Citation Number : TS-266-ITAT-2023(DEL)-TP
- Tax Payer : Shri Durga Loha Bhandar Pvt Ltd
HC: Dismisses Revenue’s appeal w.r.t comparables selection, treatment of FOREX fluctuation; Follows Softbrands ruling
- In Favour of Assessee
- Citation Number : TS-720-HC-2021(KAR)-TP
- Tax Payer : Subex Limited
ITAT: Deletes TP-adjustment towards corporate guarantee fees; Follows precedents
- In Favour of Assessee
- Citation Number : TS-263-ITAT-2023(Ahd)-TP
- Tax Payer : Suzlon Energy Limited