Updates ( 9011 results )

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ITAT: Excludes 3, remits 3 for comparability analysis for ITeS provider; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2022(Bang)-TP
  • Tax Payer : Global E-Business Operations Private Limited

ITAT: Accepts Puma India’s plea in second round of litigation w.r.t comparables and margin computation

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2022(Bang)-TP
  • Tax Payer : Puma Sports India Pvt Ltd

ITAT: Remits issue falling under erstwhile SDT provisions; Directs AO to examine allowability u/s 40A(2)

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2022(Kol)-TP
  • Tax Payer : Bengal Emta Coal Mines Ltd

HC: Permits assessee to raise objections before AO qua reassessment, modifies order in writ appeal

  • In Favour of Both, Partially
  • Citation Number : TS-664-HC-2022(MAD)-TP
  • Tax Payer : PayPal India Private Limited

ITAT: Allows assessee’s MP; Rectifies Tribunal-order by remitting TP-adjustment w.r.t Marketing Support Services

  • In Favour of Both, Partially
  • Citation Number : TS-633-ITAT-2022(Bang)-TP
  • Tax Payer : DMG Mori India Pvt Ltd (formerly DMG Mori Seiki India Machines and Services Pvt Ltd)

HC: Dismisses Revenue’s appeal; No substantial question arises w.r.t intra-group services and interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-660-HC-2022(DEL)-TP
  • Tax Payer : Avery Dennision (I) Pvt Ltd

ITAT: Rules on comparables, remits working capital adjustment for SWD provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2022(Bang)-TP
  • Tax Payer : ContinuServe Softech India Pvt Ltd

ITAT: Follows earlier orders, directs exclusion of IGS charges from operating cost if benchmarked separately

  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity Services India Pvt Ltd

ITAT: Restores appeal to CIT(A) order; Laments non-speaking order and no discussion on merits

  • In Favour of Assessee
  • Citation Number : TS-1262-ITAT-2019(CHNY)-TP
  • Tax Payer : Valeo India Private Limited

ITAT: Restricts ALP of guarantee commission at 0.5%; Follows Everest Kento HC ruling

  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2021(Mum)-TP
  • Tax Payer : 63 Moon Technologies Limited

HC: Allows assesee’s writ and quashes final order sans draft order in remand proceedings, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-684-HC-2021(MAD)-TP
  • Tax Payer : Volex Interconnect (India) Private Limited

ITAT: Rules on comparables’ selection for manufacturing; Adjudicates on working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2022(Bang)-TP
  • Tax Payer : Walvoil Fluid Power India Pvt Ltd

ITAT: Rules on comparables in ITeS segment, allows depreciation at 60% on software purchased by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2022(HYD)-TP
  • Tax Payer : TNS India Private Limited

ITAT: Holds defective goods returned not ‘extraordinary expense’; Upholds RPM for traded goods sold to AEs

  • In Favour of Both, Partially
  • Citation Number : TS-34-ITAT-2022(PUN)-TP
  • Tax Payer : Robertshaw Controls India Private Limited

ITAT: Admits assessee’s additional-grounds w.r.t non-adoption of prescribed methods; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-1263-ITAT-2020(HYD)-TP
  • Tax Payer : Biogenex Life Sciences Private Ltd

ITAT: Allows assessee’s-MA; Rectifies Tribunal-order w.r.t restoration of non-adoption of prescribed methods

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2021(HYD)-TP
  • Tax Payer : Biogenex Life Sciences Private Ltd

ITAT: Follows rule of consistency, upholds grant of working capital adjustment & exclusion of comparables

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2022(DEL)-TP
  • Tax Payer : Osram India P. Ltd

ITAT: Applies Danish MAP to Singapore entity, Directs 50% adjustment qua administration and support services

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2022(CHNY)-TP
  • Tax Payer : Grundfos Pumps India Private Limited

ITAT: Upholds assessee's CUP over TPO's TNMM for sales; Fixes corporate guarantee commission @0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-651-ITAT-2022(CHNY)-TP
  • Tax Payer : Mega Soft Ltd

ITAT: Rules on TP-adjustment qua royalty receivable, corporate guarantee for Dabur India

  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2022(DEL)-TP
  • Tax Payer : Dabur India Ltd