Updates ( 9006 results )
ITAT: Accepts assessee’s TNMM over CUP as MAM for export transaction; Remits ALP-determination
- In Favour of Assessee
- Citation Number : TS-242-ITAT-2023(Mum)-TP
- Tax Payer : Omni Active Health Technologies Limited
ITAT: Holds reference to TPO invalid considering Sec.92BA(i) omission; Directs AO to examine allowability u/s.40A(2)
- In Favour of Assessee
- Citation Number : TS-240-ITAT-2023(CHNY)-TP
- Tax Payer : Maharaja Refineries
ITAT: Deletes TP-adjustments towards royalty/ referral fee payments & expense reimbursement; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-238-ITAT-2023(Mum)-TP
- Tax Payer : CLSA India Pvt Ltd
ITAT: Excludes comparables for failing turnover filter, functional dissimilarity; Remits adjustment qua outstanding receivables
- In Favour of Both, Partially
- Citation Number : TS-239-ITAT-2023(Bang)-TP
- Tax Payer : NTS Technology Services Pvt Ltd
ITAT: Invalidates TPO-reference qua SDT under omitted Sec.92BA(i); Restricts TP-adjustment to AE-transactions only
- In Favour of Both, Partially
- Citation Number : TS-235-ITAT-2023(Bang)-TP
- Tax Payer : TT Steel Service India Pvt Ltd
ITAT: Upholds revisionary order passed u/s 263, considering AO’s non-reference to TPO
- In Favour of Revenue
- Citation Number : TS-236-ITAT-2023(Ahd)-TP
- Tax Payer : Shree Ganesh Intermediary P Ltd
ITAT: Permits assessee to withdraw appeal on TP grounds in light of APA resolution
- In Favour of Both, Partially
- Citation Number : TS-233-ITAT-2023(PUN)-TP
- Tax Payer : Amdocs Development Centre India LLP
ITAT: Rules on comparables; Remits TP-adjustment qua depreciation, working capital and forex gain/loss
- In Favour of Both, Partially
- Citation Number : TS-234-ITAT-2023(Ind)-TP
- Tax Payer : Computer Sciences Corporation India Private Limited
ITAT: Upholds TP adjustment qua salary of employees seconded; Rejects third party placement agency rates
- In Favour of Both, Partially
- Citation Number : TS-231-ITAT-2023(Mum)-TP
- Tax Payer : Zensar Technologies Ltd
ITAT: Upholds exclusion of 5 comparables citing high turnover qua drug manufacturer
- In Favour of Assessee
- Citation Number : TS-232-ITAT-2023(Kol)-TP
- Tax Payer : Alkaloids Corporation
ITAT: Upholds external TNMM for benchmarking export of finished goods; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-228-ITAT-2023(Mum)-TP
- Tax Payer : Unilever India Exports Ltd
ITAT: Rejects addition of DCF value of AMC income, customs duty to operating margin; Grants range benefit
- In Favour of Both, Partially
- Citation Number : TS-229-ITAT-2023(Mum)-TP
- Tax Payer : Schindler India Private Limtied
ITAT: Considers RPM as MAM to determine ALP of distribution transaction; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-230-ITAT-2023(HYD)-TP
- Tax Payer : Commvault Systems (India) Private Limited
ITAT: Treats insurance amount, FOREX fluctuation as operating in nature; Restricts TP-adjustment to transaction level
- In Favour of Assessee
- Citation Number : TS-226-ITAT-2023(Ahd)-TP
- Tax Payer : KHS Machinery P Ltd
ITAT: Remits assessee's plea for inclusion of comparable; Notes difference in product manufactured, end-use
- In Favour of Both, Partially
- Citation Number : TS-227-ITAT-2023(PUN)-TP
- Tax Payer : Valmont Structures Pvt Ltd
HC: Sets aside notice u/s 263 being barred by limitation
- In Favour of Assessee
- Citation Number : TS-224-HC-2023(KAR)-TP
- Tax Payer : Quest Global Engineering Services Pvt Ltd
ITAT: Deletes TP adjustment for interest on AE receivables as it was accounted under working capital adjustment; Follows precedents
- In Favour of Assessee
- Citation Number : TS-223-ITAT-2023(Ahd)-TP
- Tax Payer : Effective Teleservices Pvt Ltd
ITAT: Rejects TPO’s ‘other method’ absent conclusive evidence and upholds TNMM; Upholds assessment ignoring technical error
- In Favour of Both, Partially
- Citation Number : TS-222-ITAT-2023(CHNY)-TP
- Tax Payer : Renault Nissan Automotive India Private Limited
ITAT: Excludes 4, retains 4 comparables based on functional similarity for Vodafone Global Services
- In Favour of Both, Partially
- Citation Number : TS-221-ITAT-2023(PUN)-TP
- Tax Payer : Vodafone Global Services Private Limited
SC: Dismisses Revenue’s SLP on inter-company loans and corporate guarantee; Condones delay
- In Favour of Assessee
- Citation Number : TS-936-SC-2022-TP
- Tax Payer : Vaibhav Global Limited