Updates ( 9016 results )

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ITAT: Accepts assessee’s TNMM over TPO’s CUP as MAM; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2022(HYD)-TP
  • Tax Payer : Zuari Cement Limited

ITAT: Holds Sec 92CA TP-order barred by limitation u/s 92CA(3A) r.w.s. 153; Follows Pfizer Healthcare ruling

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2022(Bang)-TP
  • Tax Payer : Unisys India Private Limited

ITAT: Royalty paid to AE within RBI-approved rate, deletes addition; Fixes guarantee commission @ 0.5%

  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2022(SUR)-TP
  • Tax Payer : Huber Group India Pvt Ltd (Formerly Known As Micro Inks Pvt Ltd

ITAT: Holds RPM as MAM for routine-distributor functions; Rules on comparables for SWD-services

  • In Favour of Both, Partially
  • Citation Number : TS-397-ITAT-2022(Bang)-TP
  • Tax Payer : Harman International (India) Private Limited

ITAT: Rejects aggregation of transactions sans common agreement, order; Directs adoption of prior years' approach

  • In Favour of Revenue
  • Citation Number : TS-396-ITAT-2022(Mum)-TP
  • Tax Payer : Liebherr India Private Limited

ITAT: Agrees that management-fee payment be benchmarked on composite transaction basis, Rejects NIL ALP

  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2022(Bang)-TP
  • Tax Payer : Capgemini Technology Services India Ltd [formerly AXA Group Solutions Pvt Ltd]

ITAT: Invalidates reference to TPO being contrary to Instruction No.3/2016; Deletes addition

  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2022(Bang)-TP
  • Tax Payer : Rittal India Pvt Ltd

ITAT: Holds interest on AE receivables as separate international transaction; Directs TPO to consider 90 days credit

  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2022(Bang)-TP
  • Tax Payer : Outsourcepartners International Pvt Ltd

ITAT: No profit attributable to assessee after IP sold to AE, follows earlier orders; Confirms guarantee commission @ 1.6%

  • In Favour of Both, Partially
  • Citation Number : TS-392-ITAT-2022(HYD)-TP
  • Tax Payer : DQ Entertainment (International) Ltd

ITAT: Rules on comparables for SWD services, follows Salesforce ruling; Remits interest on delayed AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2022(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd

ITAT: Restricts TP-adjustment to AE transaction only; Disposes Revenue’s appeal ex-parte given assessee's non-appearance

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2022(Ahd)-TP
  • Tax Payer : Kemrock Industries & Exports Ltd

ITAT: Directs separate benchmarking of interest on AE-receivables, Re-computation beyond agreed credit period

  • In Favour of Both, Partially
  • Citation Number : TS-389-ITAT-2022(Mum)-TP
  • Tax Payer : Enem Nostrum Remedies Private Limited

ITAT: Dismisses assessee's appeal against FAO passed after rectifying OGE as appeal grounds did not emanate from FAO

  • In Favour of Revenue
  • Citation Number : TS-385-ITAT-2022(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd

ITAT: Accepts internal TNMM as MAM to determine ALP; Alternatively applies external TNMM basis broad functionality

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2022(Mum)-TP
  • Tax Payer : Huhtamaki India Limited (earlier known as to Huhtamaki PPL Limited)

ITAT: Affirms CPM as MAM for contract-manufacturing, deletes adjustment qua inter-unit SDTs

  • In Favour of Assessee
  • Citation Number : TS-382-ITAT-2022(Kol)-TP
  • Tax Payer : Deepak Industries Ltd

ITAT: Holds draft assessment-order passed alongwith demand & penalty notice as null & void; Quashes order

  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2022(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd

ITAT: Confirms deletion of TP-adjustment qua outstanding AE receivables; Follows Kusum Healthcare

  • In Favour of Assessee
  • Citation Number : TS-380-ITAT-2022(DEL)-TP
  • Tax Payer : iQor India Services Pvt Ltd

ITAT: Rules on comparables for Citrix's SWD, ITeS segments, allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-381-ITAT-2022(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd

ITAT: Rules on comparables in SWD-service segment; Excludes Thirdware Solutions as no segmental results available

  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2022(PUN)-TP
  • Tax Payer : E-Gain Communications Pvt Ltd

ITAT: Deletes ALP-adjustment on interest free optionally convertible debentures; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2022(Mum)-TP
  • Tax Payer : TV 18 Broadcast Limited