Updates ( 9011 results )

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ITAT: Holds furnishing documents supporting 78% expenses reimbursed to AE is 'substantial compliance', deletes addition

  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2022(Mum)-TP
  • Tax Payer : Infinity Retail Limited

ITAT: Excludes 7 comparables with turnover exceeding Rs.200cr; Holds delayed receivables as separate international-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-717-ITAT-2022(Bang)-TP
  • Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]

ITAT: Directs separate benchmarking for the two divisions; Follows precedents for Frost & Sullivan

  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2022(Mum)-TP
  • Tax Payer : Frost & Sullivan (I) Pvt. Ltd

ITAT: Deletes TP-adjustment qua technical-assistance fee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2022(Mum)-TP
  • Tax Payer : SS Oral Hygiene Products Pvt Ltd (Now merged with Colgate Palmolive (India) Ltd)

ITAT: Issue settled in earlier AYs cannot be challenged for subsequent-AY; Deletes TP-adjustment qua technical-assistance fee

  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2022(Mum)-TP
  • Tax Payer : SS Oral Hygiene Products Pvt Ltd (Now merged with Colgate Palmolive (India) Ltd)

ITAT: Accepting assessee’s Miscellanoeus Application, remits comparability of Persistent Systems and Sasken Communication

  • In Favour of Both, Partially
  • Citation Number : TS-714-ITAT-2022(DEL)-TP
  • Tax Payer : Open Solutions Software Services Pvt Ltd

ITAT: Rules on comparables for freight forwarding services; Deletes adjustment qua management support service fee

  • In Favour of Assessee
  • Citation Number : TS-710-ITAT-2022(Kol)-TP
  • Tax Payer : Cargo Partners Logistics India Pvt Ltd

ITAT: Allows working capital adjustment following Huawei Technologies ruling, excludes 3 comparables for ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-711-ITAT-2022(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd

ITAT: Prefers transaction specific RPM over generalised TNMM for trading; Determines functional classification for manufacturing

  • In Favour of Both, Partially
  • Citation Number : TS-709-ITAT-2022(PUN)-TP
  • Tax Payer : Vega India Level and Pressure Measurement Private Limited

ITAT: Holds, sub-grounds liable to be dismissed once main appeal ground rejected following earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-706-ITAT-2022(DEL)-TP
  • Tax Payer : Huawei Technologies Co Ltd

ITAT: Dismisses Revenue's appeal; Confirms DRP's exclusion of Lotus Labs citing significantly high RPT

  • In Favour of Both, Partially
  • Citation Number : TS-703-ITAT-2022(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd

ITAT: Confirms deletion of Sec. 271G-penalty, accepts delayed compliances due to misaddressed notices

  • In Favour of Assessee
  • Citation Number : TS-704-ITAT-2022(Mum)-TP
  • Tax Payer : Techware Singapre Holdings Pte Ltd

ITAT: Restores ALP determination; Assessment order and margin analysis both flawed

  • In Favour of Both, Partially
  • Citation Number : TS-705-ITAT-2022(DEL)-TP
  • Tax Payer : Xander Advisors India Pvt. Ltd.

ITAT: Customs duty, air freight and foreign exchange fluctuation adjustments to be considered for ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-1132-ITAT-2016(CHNY)-TP
  • Tax Payer : Motonic India Automotive Pvt Ltd

ITAT: Deletes TP-adjustment qua assessee as same transaction held at ALP in AE's hands, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2022(Mum)-TP
  • Tax Payer : Tecnimont SPA India Office

ITAT: Deletes TP-adjustment qua notional interest made in respect of outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-701-ITAT-2022(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.

ITAT: Rules on comparables qua ITeS, treats forex gain as operating, remits interest on delayed realization

  • In Favour of Both, Partially
  • Citation Number : TS-695-ITAT-2022(DEL)-TP
  • Tax Payer : Techbooks International Pvt Ltd

ITAT: Directs application of Indo-US MAP resolution to other cases, remits issue

  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2022(DEL)-TP
  • Tax Payer : Market India Pvt Ltd [Now merged with Cognizant Technologies Solutions India Pvt Ltd]

ITAT: Remits adjustment qua interest on AE-receivables; Directs comparison with non-AE receivables

  • In Favour of Assessee
  • Citation Number : TS-697-ITAT-2022(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd

ITAT: Deletes adjustment for purchase of raw materials; Computes profitability ratio considering actual expenses incurred

  • In Favour of Assessee
  • Citation Number : TS-692-ITAT-2022(Ahd)-TP
  • Tax Payer : KHS Machinery Pvt . Ltd