Updates ( 9006 results )

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ITAT: Follows Pfizer ruling, holds TPO's order / assessment order barred by limitation

  • In Favour of Assessee
  • Citation Number : TS-220-ITAT-2023(Mum)-TP
  • Tax Payer : Colgate-Palmolive (India) Limited

ITAT: Holds final assessment barred by limitation and non-est in law; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-219-ITAT-2023(HYD)-TP
  • Tax Payer : Mane India Private Limited

ITAT: Excludes/remits comparables applying upper turnover, persistent loss making filter and FAR; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-218-ITAT-2023(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd

ITAT: Analyses assessee as BPO-service provider; Excludes comparables citing high turnover, functional-dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2023(PUN)-TP
  • Tax Payer : BNY Mellon International Operations (India) Pvt Ltd

ITAT: Deletes TP-adjustment qua receipt of intra-group services; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-216-ITAT-2023(DEL)-TP
  • Tax Payer : Avery Dennision (I) Pvt Ltd

ITAT: Holds salary reimbursement for Morgan Stanley’s seconded employees not FTS/FIS, rejects TPO-reference

  • In Favour of Assessee
  • Citation Number : TS-217-ITAT-2023(Mum)-TP
  • Tax Payer : Morgan Stanley International Incorporated

ITAT: Directs overseas AEs to be considered as tested parties; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-212-ITAT-2023(Bang)-TP
  • Tax Payer : Unilog Content Solutions Private Limited

ITAT: Treats provision for doubtful debts as operating expense, grants working-capital adjustment, rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-213-ITAT-2023(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd

ITAT: Allows working capital adjustment; Remits issues on comparables, interest of AE receivables; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-214-ITAT-2023(Bang)-TP
  • Tax Payer : Parexel International Clinical Research Pvt Ltd

ITAT: Directs TPO to recompute adjustment qua outstanding trade-receivables considering 60 days' credit period

  • In Favour of Both, Partially
  • Citation Number : TS-211-ITAT-2023(CHNY)-TP
  • Tax Payer : Hi-Tech Arai Pvt Ltd

ITAT: Recalls its order considering sufficient cause for assessee’s non-appearance

  • In Favour of Assessee
  • Citation Number : TS-935-ITAT-2022(CHNY)-TP
  • Tax Payer : Siva Ventures Ltd.

ITAT: Accepts assessee’s benchmarking @ 5.25% qua interest on loan advanced to AE

  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2023(Mum)-TP
  • Tax Payer : Welspun Corp Ltd

ITAT: No adjustment qua interest on delayed-receivables required if payment realised within credit-period; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-208-ITAT-2023(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited

ITAT: Deletes ad-hoc addition made by treating price penetration adjustment as income; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2023(DEL)-TP
  • Tax Payer : Mitsui Prime Advanced Composites India Pvt. Ltd

ITAT: Deletes TP adjustments qua RBI-approved royalty, engineering fees, etc.; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-210-ITAT-2023(Mum)-TP
  • Tax Payer : Thyssenkrupp Industries India Pvt Ltd

ITAT: Accepts assessee’s plea w.r.t. comparables’ selection; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2023(Mum)-TP
  • Tax Payer : Datamatics Global Services Ltd

ITAT: Excludes Infosys Ltd as comparable under SWD service segment, allows working capital adjustment

  • In Favour of Revenue
  • Citation Number : TS-204-ITAT-2023(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited

ITAT: Dismisses assessee’s appeal as withdrawn in light of India-US MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-206-ITAT-2023(Bang)-TP
  • Tax Payer : Target Corporation India P Ltd

ITAT: Rejects assessee's plea for employee cost normalization adjustment; Applies upper turnover filter under SWD segment

  • In Favour of Both, Partially
  • Citation Number : TS-205-ITAT-2023(Bang)-TP
  • Tax Payer : Indegene Pvt Ltd

ITAT: Rejects Revenue's recharacterization of Timex India as SWD service provider; Remits AMP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-202-ITAT-2023(DEL)-TP
  • Tax Payer : Timex Group India Limited