Updates ( 9011 results )
ITAT: Deletes AMP adjustment, applies rule of consistency; Excludes 4 comparables under IT support services segment
- In Favour of Assessee
- Citation Number : TS-805-ITAT-2022(Bang)-TP
- Tax Payer : Alcon Laboratories Pvt Ltd
ITAT: Excludes comparable for majorly subcontracting work, terms it functionally different
- In Favour of Assessee
- Citation Number : TS-806-ITAT-2022(Ahd)-TP
- Tax Payer : Weatherford Drilling and Production Services (India) Pvt Ltd
ITAT: Allows adjustments qua capacity utilization, working capital; Directs TPO to exercise power u/s 133(6) if needed
- In Favour of Assessee
- Citation Number : TS-807-ITAT-2022(Kol)-TP
- Tax Payer : Witzenmann India Pvt Ltd
ITAT: Restricts rate of corporate guarantee commission to 0.50%, Remits interest on delayed AE-receivable
- In Favour of Both, Partially
- Citation Number : TS-801-ITAT-2022(Bang)-TP
- Tax Payer : Trianz Holdings Pvt Ltd
ITAT: Grants capacity utilization adjustment, denies risk adjustment; Directs using average of past three years’ data
- In Favour of Both, Partially
- Citation Number : TS-802-ITAT-2022(CHNY)-TP
- Tax Payer : Triumph International (India) Pvt Ltd
ITAT: Applies TNMM to benchmark commission payment; Adopts subsequent year findings for current year
- In Favour of Assessee
- Citation Number : TS-803-ITAT-2022(Mum)-TP
- Tax Payer : Raymond Limited
ITAT: Computes guarantee amount at 0.5%; Upholds CIT(A) order
- In Favour of Assessee
- Citation Number : TS-798-ITAT-2022(Mum)-TP
- Tax Payer : 63 Moon Technologies Limited
ITAT: Rules on comparables qua SWD, MSS and ITeS segments; Remits interest on outstanding-receivables
- In Favour of Both, Partially
- Citation Number : TS-799-ITAT-2022(Bang)-TP
- Tax Payer : Mandiant Cyber Security Pvt Ltd
ITAT: Directs PLI computation only qua international transactions; Dismisses TPO's approach
- In Favour of Assessee
- Citation Number : TS-800-ITAT-2022(Mum)-TP
- Tax Payer : Tricom Infotech Solutions Ltd
ITAT: Confirms guarantee commission @ 0.5%; Follows Everest Kanto Cylinder ruling
- In Favour of Assessee
- Citation Number : TS-793-ITAT-2022(Mum)-TP
- Tax Payer : PFS Sihpping (India) Ltd
ITAT: Excludes Cosmic Global, Infosys BPO under ITeS segment; Follows precedents
- In Favour of Assessee
- Citation Number : TS-794-ITAT-2022(Mum)-TP
- Tax Payer : Travelex India Private Limited
ITAT: Remits TP-adjustment qua interest on outstanding receivables; Adjustment only if not subsumed in WCA
- In Favour of Both, Partially
- Citation Number : TS-795-ITAT-2022(Bang)-TP
- Tax Payer : AB INBEV GCC Services India Pvt Ltd (earlier known as GCC Services India Pvt Ltd)
ITAT: Remits inclusion of service tax refund in operating income, rules on comparables qua ITeS
- In Favour of Both, Partially
- Citation Number : TS-796-ITAT-2022(Bang)-TP
- Tax Payer : Global e-Business Operations Pvt Ltd
ITAT: Excludes 11 comparables with turnover exceeding 200Cr for SWD service provider
- In Favour of Both, Partially
- Citation Number : TS-790-ITAT-2022(Bang)-TP
- Tax Payer : MWYN Tech Private Ltd
ITAT: Holds transactions with related and unrelated parties cannot be clubbed for benchmarking; Upholds DRP’s views
- In Favour of Assessee
- Citation Number : TS-791-ITAT-2022(DEL)-TP
- Tax Payer : Marubeni India Pvt Ltd
ITAT: Remits adjustments qua marketing & business support services segment & warranty expenses, follows earlier order
- In Favour of Both, Partially
- Citation Number : TS-792-ITAT-2022(Bang)-TP
- Tax Payer : Dell International Services India Pvt Ltd
ITAT: Holds payment for admin support services part of operating cost, separate adjustment unwarranted; Follows precedent
- In Favour of Assessee
- Citation Number : TS-785-ITAT-2022(Bang)-TP
- Tax Payer : Cisco Systems Capital (India) Pvt.Ltd.
HC: Dismisses Revenue’s appeal on AMP adjustment sans substantial question of law; Follows Sony Ericsson
- In Favour of Assessee
- Citation Number : TS-786-HC-2022(DEL)-TP
- Tax Payer : Moet Hennessy India Pvt Ltd
ITAT: Rules on comparables in SWD and ITeS segments, Directs no negative working capital adjustment
- In Favour of Both, Partially
- Citation Number : TS-787-ITAT-2022(Bang)-TP
- Tax Payer : Dell International Services India Private Limited
ITAT: Directs 0.50% adjustment for corporate guarantee on closing/ outstanding balance; Follows precedents
- In Favour of Assessee
- Citation Number : TS-788-ITAT-2022(Bang)-TP
- Tax Payer : Sasken Technologies Ltd