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ITAT: Rules on comparables in SWD segment; Remits adjustment qua working capital, Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-762-ITAT-2022(Bang)-TP
  • Tax Payer : IG Infotech (India) Pvt Ltd

ITAT: Allows working-capital adjustment on actuals; Holds recovery of pass-through costs as separate international-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-755-ITAT-2022(Bang)-TP
  • Tax Payer : Parexel International (India) Private Limited

ITAT: Upholds deletion of Sec.271G penalty, assessee didn't drag proceedings to 'fag end' as alleged by TPO

  • In Favour of Assessee
  • Citation Number : TS-756-ITAT-2022(Mum)-TP
  • Tax Payer : Doshion Water Solution Pvt Ltd

ITAT: Dismisses appeal due to small quantum; Grants liberty to contest all issues in an appropriate AY

  • In Favour of None/NA
  • Citation Number : TS-758-ITAT-2022(Bang)-TP
  • Tax Payer : Technicolor India Pvt Ltd, (Formerly known as Thomson Holdings India Pvt Ltd)

ITAT: Rules against different MAM-selection unless change in law and facts ; Deletes adjustment for purchase of greasy wool

  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2022(Kol)-TP
  • Tax Payer : Global Wool Alliance Pvt Ltd

ITAT: Upholds assessee's consistently applied TNMM over TPO's CUP for benchmarking export transaction

  • In Favour of Assessee
  • Citation Number : TS-750-ITAT-2022(Mum)-TP
  • Tax Payer : Omni Active Health Technologies Limited

ITAT: Disapproves re-characterisation of equity as loan; Deletes TP-adjustment qua imputed interest

  • In Favour of Assessee
  • Citation Number : TS-751-ITAT-2022(DEL)-TP
  • Tax Payer : Jaypee Capital Services Ltd

ITAT: Accepts OP/VAE over OP/TC as appropriate PLI; Excludes functionally-dissimilar Om Logistics

  • In Favour of Assessee
  • Citation Number : TS-752-ITAT-2022(Mum)-TP
  • Tax Payer : DHL Logistics Private Limited

ITAT: Deletes adjustment qua intra-group managerial support services; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-753-ITAT-2022(DEL)-TP
  • Tax Payer : Metalsa India Private Limited

ITAT: Directs assessee to show need/benefit test for benchmarking payment for IGS, royalty

  • In Favour of Both, Partially
  • Citation Number : TS-754-ITAT-2022(Mum)-TP
  • Tax Payer : Ingredion India Pvt Ltd

ITAT: Questions separate payments towards R&D costs and royalty over same technology and Know-how; Remits ALP-determination of Group Fees transaction

  • In Favour of Both, Partially
  • Citation Number : TS-745-ITAT-2022(PUN)-TP
  • Tax Payer : Faurecia Automotive Seating India P Ltd

ITAT: Deletes TP-adjustments qua of sale of finished goods, AMP expenses, royalty; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-746-ITAT-2022(Bang)-TP
  • Tax Payer : Himalaya Wellness Company (formerly known as The Himalaya Drug Company)

ITAT: Accepts rate charged by SEB as comparable, holds sale of power at arm's length

  • In Favour of Assessee
  • Citation Number : TS-747-ITAT-2022(HYD)-TP
  • Tax Payer : Sree Rayalaseema Hi Strength Hypo Limited

ITAT: Deletes TP-adjustment qua AMP expenses for PepsiCo India following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-748-ITAT-2022(DEL)-TP
  • Tax Payer : Pepsico India Housing Pvt Ltd

ITAT: Directs ALP determination qua management-fees and R&D as agreed under APA for subsequent-AYs, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2022(Kol)-TP
  • Tax Payer : Cookson India Pvt Ltd

ITAT: Accepts assessee's segmental profitability analysis, rules on comparables, applies LIBOR+2% on outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-742-ITAT-2022(Bang)-TP
  • Tax Payer : NTT DATA FA Insurance Systems (India) Private Limited

ITAT: Excludes 2 comparables for manufacturing segment; Remits adjustment qua interest on delayed AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-741-ITAT-2022(Bang)-TP
  • Tax Payer : Biesse Manufacturing Co Pvt Ltd

ITAT: Rules on comparables in SWD segment; Remits entity level margin computation, interest on delayed AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-743-ITAT-2022(Bang)-TP
  • Tax Payer : MFX Infotech Pvt Ltd

ITAT: Rules on comparables in SWD segment; Directs fresh examination of interest on delayed AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-744-ITAT-2022(Bang)-TP
  • Tax Payer : Synamedia India Pvt Ltd

ITAT: Directs adoption of internal TNMM as MAM, remits issue; Rebukes TPO’s contradictory observation

  • In Favour of Both, Partially
  • Citation Number : TS-740-ITAT-2022(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)