Updates ( 9016 results )

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ITAT: Directs exclusion of damages, being abnormal cost, from operating cost; Excludes Megasoft Ltd being functionally dissimilar

  • In Favour of Assessee
  • Citation Number : TS-377-ITAT-2022(PUN)-TP
  • Tax Payer : Cognizant Technology Solutions India Pvt Ltd(as a successor of Cognizant India Pvt Ltd) formerly T-Systems India Pvt Ltd

ITAT: Upholds inclusion of sub-contracting charge in operating cost for SWD services, imputes LIBOR+2% on AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-373-ITAT-2022(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd

ITAT: Remits benchmarking of SWD services using internal TNMM noting TPO's contradictory observations, follows earlier decisions

  • In Favour of Assessee
  • Citation Number : TS-375-ITAT-2022(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)

ITAT: Excludes comparables under SWD services and ITeS segments due to functional dissimilarity, follows earlier decisions

  • In Favour of Assessee
  • Citation Number : TS-374-ITAT-2022(PUN)-TP
  • Tax Payer : Schlumberger India Technology Centre Pvt Ltd

ITAT: Case selected for scrutiny on TP risk parameter requires TPO’s reference; Falls under requisites of Instruction No. 3/2016

  • In Favour of Both, Partially
  • Citation Number : TS-371-ITAT-2022(Bang)-TP
  • Tax Payer : Mapei Construction Products (India) Pvt Ltd

ITAT: Quashes final assessment-order passed beyond 30 days; No verification by TPO needed post DRP directions

  • In Favour of Assessee
  • Citation Number : TS-368-ITAT-2022(DEL)-TP
  • Tax Payer : Adobe Systems India Pvt Ltd

ITAT: Remits AMP adjustment qua Lenovo's trading segment to verify ALP of margin, accepts CUP for manufacturing

  • In Favour of Assessee
  • Citation Number : TS-370-ITAT-2022(Bang)-TP
  • Tax Payer : Lenovo (India) Pvt. Ltd

ITAT: Upholds deletion of 271G penalty levied on diamond trader, follows Navin Chandra ruling

  • In Favour of Assessee
  • Citation Number : TS-363-ITAT-2022(Mum)-TP
  • Tax Payer : Kapu Gems

ITAT: Remits MAM selection for ophthalmic goods' trading segment; Directs furnishing of segmental details

  • In Favour of Assessee
  • Citation Number : TS-365-ITAT-2022(Bang)-TP
  • Tax Payer : Johnson & Johnson Surgical Vision India Pvt Ltd

ITAT: Remits ALP-determination with direction to group commission income and supervisory income for EPC-service provider

  • In Favour of Both, Partially
  • Citation Number : TS-366-ITAT-2022(Mum)-TP
  • Tax Payer : Gea Process Engineering (India) Pvt Ltd

ITAT: Restricts corporate-guarantee commission @ 0.6%; Deletes ALP-adjustment w.r.t interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-717-ITAT-2021(HYD)-TP
  • Tax Payer : Axis Clinicals Limited

ITAT: Directs TPO to apply upper turnover filter, allow working capital adjustment, benchmark AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-364-ITAT-2022(Bang)-TP
  • Tax Payer : Ametek Instruments India Pvt Ltd

ITAT: Rules on selection of comparables in SWD segment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-362-ITAT-2022(Bang)-TP
  • Tax Payer : Enstage Software Pvt Ltd

ITAT: Deletes TP-adjustment on export transactions, AMP-expenses and royalty-payments; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-361-ITAT-2022(Bang)-TP
  • Tax Payer : Himalaya Wellness Company (formerly known as The Himalaya Drug Company)

ITAT: Remits Sec.271(1)(c) penalty issue considering remand of Management-Service Fee in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-358-ITAT-2022(PUN)-TP
  • Tax Payer : Tieto India Pvt Ltd

ITAT: Rejects disallowance u/s 10B(7) r.w.s. 80IA(10); Highlights Revenue's failure to prove existence of arrangement between assessee and AE

  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2022(PUN)-TP
  • Tax Payer : Halliburton Technology Industries Pvt Ltd

ITAT: Sets aside BLT based protective AMP-adjustment; Follows jurisdictional HC despite pending SC appeal

  • In Favour of Assessee
  • Citation Number : TS-355-ITAT-2022(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals Private Limited

ITAT: Accepts assessee’s change of MAM from TNMM to CUP for medical transcription services

  • In Favour of Assessee
  • Citation Number : TS-354-ITAT-2022(Mum)-TP
  • Tax Payer : Aquity Solutions India Pvt Ltd (Earlier known as M Modal Global Services Pvt Ltd)

ITAT: Allows assessee’s miscellaneous petition and excludes KALS Information; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-352-ITAT-2022(Bang)-TP
  • Tax Payer : Mformation Software Technologies (I) Pvt Ltd

ITAT: Directs TNMM as MAM for benchmarking royalty, Follows Precedent; Holds issues under PSM academic

  • In Favour of Assessee
  • Citation Number : TS-351-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt. Ltd