Updates ( 9012 results )

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ITAT: Assessee’s predominant revenue from trading in UPS and accessories; TNMM with Berry Ratio not applicable

  • In Favour of Assessee
  • Citation Number : TS-601-ITAT-2022(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Private Limited

ITAT: Dismisses Revenue's appeal qua comparables for Reliance IT Park's ITeS / Business Support Services segments

  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2022(Mum)-TP
  • Tax Payer : Reliance Corporate IT Park Ltd

ITAT: Confirms CIT(A)'s deletion of TP-adjustments, adoption of 6-months LIBOR+4% qua AE-loans

  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2022(DEL)-TP
  • Tax Payer : ONGC Videsh Limited

ITAT: Deletes TP-adjustment on reimbursement of expenses from AE sans involvement of services; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-595-ITAT-2022(Mum)-TP
  • Tax Payer : Ness Digital Engineering (India) Pvt Ltd (Formerly known as Ness Technologies (India) Pvt Ltd)

ITAT: Remits AMP-adjustment for Adidas India, applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-596-ITAT-2022(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd

ITAT: Rules on comparables in SWD and ITeS segments; Directs working capital adjustment on actual basis

  • In Favour of Both, Partially
  • Citation Number : TS-597-ITAT-2022(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd

HC: Dismisses Revenue’s appeal; Confirms ITAT’s BLT-rejection in case of Rayban India

  • In Favour of Assessee
  • Citation Number : TS-592-HC-2022(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd

ITAT: Excludes functionally dissimilar comparables for SWD/ITeS segments; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-591-ITAT-2022(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd

ITAT: Excludes one-time extraordinary expenditure for margin-computation; Remits working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-590-ITAT-2022(CHNY)-TP
  • Tax Payer : R Stahl Private Limited

ITAT: Upholds Sec.263 revision despite DRP directions; Follows Adamas Builders over Barclays Bank ruling

  • In Favour of Revenue
  • Citation Number : TS-588-ITAT-2022(Bang)-TP
  • Tax Payer : Brocade Communications Systems Pvt Ltd

ITAT: Excludes 10 comparables including Infosys BPO, Wipro for ITeS provider, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-589-ITAT-2022(Mum)-TP
  • Tax Payer : WTW Global Delivery and Solutions India Pvt Ltd

ITAT: Rules on comparables qua SWD / MSS segments, follows Salesforce; Remits interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2022(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd

ITAT: Remits inclusion/exclusion of comparables, margin-computation issue; Allows working-capital at actuals

  • In Favour of Both, Partially
  • Citation Number : TS-585-ITAT-2022(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd

ITAT: TPO misunderstood assessee’s functional profile; Rejects comparables following assessee’s earlier cases

  • In Favour of Assessee
  • Citation Number : TS-586-ITAT-2022(DEL)-TP
  • Tax Payer : Globe Ground India Pvt. Ltd

ITAT: Rules on comparables' selection qua investment advisory services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-584-ITAT-2022(Mum)-TP
  • Tax Payer : General Atlantic Pvt. Ltd.

ITAT: Remits TP-adjustment w.r.t management-service; AO/TPO to consider evidence filed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-578-ITAT-2022(CHNY)-TP
  • Tax Payer : YCH Logistics India Private Limited

ITAT: Excludes comparables citing extraordinary event, volatile turnover, failing RPT filter; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-579-ITAT-2022(Bang)-TP
  • Tax Payer : Honeywell Technology Solutions Lab (P) Ltd.

ITAT: Upholds deletion of SDT adjustment qua inter-unit power supply, fixes guarantee fee @0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-580-ITAT-2022(Kol)-TP
  • Tax Payer : Dhunseri Ventures Limited

ITAT: Rules on comparables for assessee’s admin / back office support services segment

  • In Favour of Assessee
  • Citation Number : TS-581-ITAT-2022(Mum)-TP
  • Tax Payer : Marsh McLennan Global Services India Pvt Ltd (formerly known as Jardine Lloyd Thompson India Pvt Ltd)

ITAT: Dismisses Revenue’s appeal; Confirms exclusion of functionally-dissimilar Bodhtree Consulting, Kals Information Systems

  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2022(PUN)-TP
  • Tax Payer : NetHawk Networks India Pvt Ltd