Updates ( 9011 results )

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ITAT: Disallows expense reimbursement u/s 40(a)(ia), holds adjudication of NIL ALP determination rendered academic

  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2022(Mum)-TP
  • Tax Payer : SOTC Travel Services Private Ltd, (Now Merged with Travel Corporation (India) Limited)

ITAT: Accepts internal TNMM for benchmarking qua provision of ITeS; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-689-ITAT-2022(DEL)-TP
  • Tax Payer : Bertelsmann Marketing Services India Pvt Ltd

ITAT: Holds TPO cannot decide prudence of franchise fee payment, rejects NIL ALP determination

  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2022(Mum)-TP
  • Tax Payer : Royal Canin India Private Limited

ITAT: Remits TP-adjustment qua Management / Business Support Services; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-682-ITAT-2022(DEL)-TP
  • Tax Payer : BSI Management Systems India Pvt Ltd

ITAT: Rules on comparables; Directs considering audited segmental accounts for fresh adjustments

  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2022(DEL)-TP
  • Tax Payer : Organica Water Private Limited

ITAT: Quashes assessment order passed on non-existent amalgamated entity; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-684-ITAT-2022(DEL)-TP
  • Tax Payer : Expedia Online Travel Services India Pvt Ltd (as successor in interst for Orbits India Services Private Limited)

ITAT: Excludes 3 functionally different govt-owned entities qua security support services provider, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2022(Mum)-TP
  • Tax Payer : Novartis India Limited

ITAT: Allows assessee’s stay application for recovery of outstanding tax arrears; Follows Maruti Suzuki ruling

  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity India P Ltd

ITAT: Deletes TP adjustment made towards interest paid on CCDs to AE; Follows Bom HC ruling

  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2022(Mum)-TP
  • Tax Payer : Mahindra Homes Private Limited

ITAT: Rejects TPO's RPM, accepts TNMM as ‘last resort’ for import transactions; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-681-ITAT-2022(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd

ITAT: Excludes comparables for turnover over 200Cr for EDS provider, remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2022(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd

ITAT: Excludes 9 comparables having turnover more than Rs. 200 crores; Remits margin computation plea

  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2022(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Private Ltd

ITAT: Deletes TP-adjustment qua SDTs; Attributes reason to omission of clause (1) of Sec.92BA

  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2022(Mum)-TP
  • Tax Payer : Aura Spinwell Ltd

ITAT: Remits assessee’s appeal against final-assessment order despite assessee's non-appearance before DRP

  • In Favour of Assessee
  • Citation Number : TS-673-ITAT-2022(Bang)-TP
  • Tax Payer : Opto Circuits India Ltd

ITAT: Retains comparable qua back-office support services, no functional dissimilarity or impact of extraordinary event / intangibles

  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd, (Formerly known as Dell Computer India Pvt Ltd)

ITAT: Remits application of MAM; Follows consistency principle w.r.t selecting MAM

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Boshoku Automotive India Private Limited

ITAT: Rules on comparables; Remits margin computation, risk adjustment for BPO service provider

  • In Favour of Both, Partially
  • Citation Number : TS-668-ITAT-2022(DEL)-TP
  • Tax Payer : Cvent India Pvt Ltd

ITAT: Deletes TP adjustments as TPO's order barred by limitation, follows Emerson Electric ruling

  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2022(Mum)-TP
  • Tax Payer : The Indian Hotels Company Ltd.

ITAT: Upholds deletion of TP-adjustment qua R&D expenses and Management Fees, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2022(Mum)-TP
  • Tax Payer : Hamon Cooling Systems Private Limited

ITAT: Remits TP-adjustment as interest payable wrongly treated as interest receivable

  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2022(DEL)-TP
  • Tax Payer : Eli Research India Pvt Ltd