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ITAT: Rules on comparables in ITeS segment; Adjudicates on working capital adjustment and outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-552-ITAT-2022(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt Ltd

ITAT: Deletes TP-adjustment qua interest on AE-loan; Chapter X inapplicable as interest not claimed as expenditure

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2022(Mum)-TP
  • Tax Payer : Siddhayu Ayurvedic Research Foundation Pvt Ltd

ITAT: Holds no separate adjustment for AMP-expenses required when assessee’s net margins at ALP

  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2022(Bang)-TP
  • Tax Payer : HP India Sales Private Limited (Formerly known as Hewlett-Packard India Sales Private Limited)

ITAT: Notes transactions inextricably linked; Separate adjustment for management fee not justified

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2022(Mum)-TP
  • Tax Payer : Trimble Solutions India Pvt Ltd (Formerly known as Tekla India Pvt Ltd)

HC: Disposes off tax appeals in view of benefit under the Direct Tax Vivad Se Vishwas Scheme

  • In Favour of Assessee
  • Citation Number : TS-548-HC-2022(MAD)-TP
  • Tax Payer : Terex India Private Ltd

ITAT: Deletes TP-adjustment for Shilpa Shetty providing free brand ambassadorship to Rajasthan Royals; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2022(Mum)-TP
  • Tax Payer : Shilpa Shetty

ITAT: Outstanding receivables to be considered with primary SWD services transaction, grants 90-day credit period

  • In Favour of Both, Partially
  • Citation Number : TS-542-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd

ITAT: TPO having determined NIL ALP, refuses alternate plea to allow advertisement expense as business expense

  • In Favour of Both, Partially
  • Citation Number : TS-540-ITAT-2022(CHNY)-TP
  • Tax Payer : Titan Company Ltd (earlier Titan Industries Ltd)

ITAT: Remits issue of NIL ALP determination qua HR services, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2022(Bang)-TP
  • Tax Payer : Mersen India Pvt Ltd

ITAT: Deletes adjustment qua cost contribution charges, remits issue of recharacterizing EDS segment as KPO

  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2022(Bang)-TP
  • Tax Payer : Ingersoll-Rand Technologies and Services Pvt Ltd

ITAT: Holds corporate guarantee as international transaction, fixes commission @ 0.5%; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-535-ITAT-2022(CHNY)-TP
  • Tax Payer : Siva Industries & Holdings Ltd (Formerly known as Sterling Infotech Ltd)

ITAT: Deletes adjustments qua inter-unit transfer of electricity / steam, accepts SEB-rate as market price

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2022(CHANDI)-TP
  • Tax Payer : Vardhman Textiles Limited

ITAT: Holds AO violated Sec 92CC(3) by not considering APA while passing final assessment order

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2022(Mum)-TP
  • Tax Payer : Ploycom Technology (R&D) Centre Pvt Ltd

ITAT: Cannot cherrypick, adopt 2 methods for benchmarking same class of transactions; Upholds TNMM over CUP

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2022(CHNY)-TP
  • Tax Payer : Madura Coats Pvt Ltd

ITAT: Directs AO to rectify mistake and delete TP adjustment being covered by APA

  • In Favour of Assessee
  • Citation Number : TS-530-ITAT-2022(Bang)-TP
  • Tax Payer : Novo Nordisk India Pvt Ltd

ITAT: Nike's AMP spend not international transaction, confirms adjustments qua expense reimbursement / royalty; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-531-ITAT-2022(Bang)-TP
  • Tax Payer : Nike India Pvt Ltd

ITAT: Rules on adjustments qua interest on loans, corporate guarantee fee, profit share; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2022(HYD)-TP
  • Tax Payer : Dr. Reddy’s Laboratories Limited

ITAT: Permits Microsoft to withdraw appeal grounds qua TP adjustment considering MAP resolution

  • In Favour of None/NA
  • Citation Number : TS-533-ITAT-2022(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt Ltd

ITAT: Upholds TNMM as MAM for processing fees for local guarantees for ANZ; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-527-ITAT-2022(Mum)-TP
  • Tax Payer : Australia and New Zealand Banking Group Ltd

ITAT: Excludes comparables citing acquisition, high brand value etc; Treats forex gain as operating

  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2022(HYD)-TP
  • Tax Payer : S&P Capital IQ (India) Private Limited, (Successor in interest of SNL Financial (India) Private Limited)