Updates ( 9016 results )

Filters

ITAT: Holds short term advances as loans and allows interest adjustment; Deletes adjustment made to the liaison fee

  • In Favour of Both, Partially
  • Citation Number : TS-422-ITAT-2022(Ahd)-TP
  • Tax Payer : Kalpataru Power Transmission Ltd

ITAT: Holds power procured by non-eligible unit from SEB appropriate internal comparable to benchmark SDT

  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2022(Kol)-TP
  • Tax Payer : Philips Carbon Black Ltd

ITAT: Confirms deletion of adjustments qua shareholders’ deposit, hypothetical income, guarantee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-420-ITAT-2022(Mum)-TP
  • Tax Payer : The Bombay Dyeing & Mfg Co Limited

ITAT: Quashes TPO's order u/s 92CA r.w.s 153 as barred by limitation; Follows Pfizer ruling

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2022(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Pvt Ltd

ITAT: Rules on comparables for SWD and ITeS, Adjudicates on working capital adjustment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-414-ITAT-2022(Bang)-TP
  • Tax Payer : Altisource Business Solutions Pvt Ltd

ITAT: Rules on comparables for investment advisory services; Deletes TP-adjustment qua interest on FCDs

  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2022(Mum)-TP
  • Tax Payer : Altico Capital India Pvt Ltd (Formerly Clearwater Capital Partners (I) Pvt Ltd)

ITAT: Upholds reduction of guarantee commission rate to 0.5% from 1.04%; Follows Everest Kanto

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2022(Mum)-TP
  • Tax Payer : S Kumars Nationwide Ltd

ITAT: Excludes comparables citing outsourcing of work, involvement in fraudulent activity; Allows depreciation-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-413-ITAT-2022(Bang)-TP
  • Tax Payer : 24/7 Customer Pvt Ltd

ITAT: Dismisses assessee's appeal, holds comparables' selection attained finality in earlier round

  • In Favour of Revenue
  • Citation Number : TS-410-ITAT-2022(HYD)-TP
  • Tax Payer : Astrix Laboratories Ltd

ITAT: Deletes primary and secondary adjustments qua AMP spend for L'Oreal India; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2022(Mum)-TP
  • Tax Payer : L’Oreal India Private Limited

ITAT: Quashes assessment order barred by limitation; income-variation, not tax-rate, precondition to invoke 144C

  • In Favour of Assessee
  • Citation Number : TS-412-ITAT-2022(CHNY)-TP
  • Tax Payer : Worldpart Limited

ITAT: Remits adjustments qua forex fluctuation, depreciation, capacity utilization, working capital etc; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-411-ITAT-2022(Bang)-TP
  • Tax Payer : Tokai Rika Minda India Private Limited

ITAT: Rules on comparables; Calls the difference between functions of a manufacturer and assembler

  • In Favour of Assessee
  • Citation Number : TS-405-ITAT-2022(Mum)-TP
  • Tax Payer : Hydac (India) Pvt Ltd

ITAT: Holds TPO reference for SDT invalid given ommission of Sec 92BA(i); Directs examination u/s. 40A(2)(b)

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2022(Mum)-TP
  • Tax Payer : Edelweiss Rural & Corporate Services Limited (Earlier known as M/s. Edelweiss Commodities Services Limited)

ITAT: Determines corporate guarantee commission @ 0.40%; Applies internal CUP to benchmark interest

  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2022(Mum)-TP
  • Tax Payer : Greatship (India) Ltd

ITAT: Deletes TP-adjustment on brokerage commission; Holds TNMM as MAM

  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2022(Mum)-TP
  • Tax Payer : CLSA India Ltd.

ITAT: Directs AO to pass consequential orders, TP addition reduced to NIL post rectification

  • In Favour of Revenue
  • Citation Number : TS-401-ITAT-2022(Bang)-TP
  • Tax Payer : EMC Software and Services India P Ltd

ITAT: Confirms determination of corporate guarantee commission @ 0.50%; Follows Everest Kanto

  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2022(Mum)-TP
  • Tax Payer : Allcargo Logistics Ltd

ITAT: Directs use of internal comparable as against external under TNMM; Follows e4e Business Solutions

  • In Favour of Assessee
  • Citation Number : TS-403-ITAT-2022(Bang)-TP
  • Tax Payer : Technicolor India Pvt Ltd

ITAT: Rules on comparables in SWD/ITeS segments, applies 200 cr turnover filter; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-404-ITAT-2022(Bang)-TP
  • Tax Payer : Mindteck India Limited