Updates ( 9016 results )

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ITAT: Applies UK MAP/ APA margins to Luxembourg entity; Rules on ALP for purchase of fixed assets

  • In Favour of Assessee
  • Citation Number : TS-216-ITAT-2022(DEL)-TP
  • Tax Payer : Colt Technology Services India Pvt. Ltd

ITAT: Considers extended credit-period to AE as separate international-transaction; Imputes interest only qua overdue invoices

  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2022(Bang)-TP
  • Tax Payer : Biocon Biologics Limited

ITAT: Directs aggregation of commission, warranty and sale services transaction with distribution segment; Applies TNMM as MAM

  • In Favour of Both, Partially
  • Citation Number : TS-212-ITAT-2022(Bang)-TP
  • Tax Payer : TEKTRONIX INDIA PVT LTD

ITAT: Amended Sec 92CA(4) order binding on AO, No discretion to travel beyond ALP determined by TPO

  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2022(DEL)-TP
  • Tax Payer : EFS Facilities Services (India) Pvt Ltd

ITAT: Rules on comparables in SWD segment, Excludes 4, remits 3 and includes 1; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-214-ITAT-2022(Bang)-TP
  • Tax Payer : Cypress Semiconductor Technology India Pvt Ltd

ITAT: Upholds CIT(A)’s direction to delete Sec 271(1)(c) penalty on TP-adjustment given relied in quantum proceedings

  • In Favour of Assessee
  • Citation Number : TS-208-ITAT-2022(PUN)-TP
  • Tax Payer : Rieter India Private Limited

ITAT: Rules on comparables in ITeS segment, Excludes 3; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2022(DEL)-TP
  • Tax Payer : WNS Business Consulting Services Pvt Ltd

ITAT: Rules on comparables for Manufacturing and SWD segment; Remits issues on adjustments qua capacity, customs duty, forex fluctuations

  • In Favour of Both, Partially
  • Citation Number : TS-210-ITAT-2022(Bang)-TP
  • Tax Payer : Continental Automotive Components India Pvt Ltd

ITAT: Deletes TP-adjustment made on account of outstanding AE receivables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2022(DEL)-TP
  • Tax Payer : Trend Micro India Pvt Ltd

ITAT: Rules on comparables in SWD and ITeS segment; Deletes negative working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-205-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Deletes TP-adjustment qua payment of Management Services' and Global Client Management Fee; Considers AE as tested party

  • In Favour of Both, Partially
  • Citation Number : TS-204-ITAT-2022(Mum)-TP
  • Tax Payer : ISS Facility Services India Private Limited

ITAT: Directs re-examination of PLI computation reducing pre-operative expenses following IKA India ruling; Restricts TP-adjustment to AE transactions

  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Tsusho India Private Limited

ITAT: Rules on comparables in ITeS segment, follows precedent; Directs no negative working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-200-ITAT-2022(Bang)-TP
  • Tax Payer : Conduent Business Services India LLP

ITAT: Upholds TP adjustment on interest-free advances, corporate guarantee; Restores ALP determination of purchases

  • In Favour of Both, Partially
  • Citation Number : TS-201-ITAT-2022(Bang)-TP
  • Tax Payer : United Spirits Limited

ITAT: Rules on comparables for SWD and ITES; Deletes addition for alleged agency for money transfer activities

  • In Favour of Both, Partially
  • Citation Number : TS-202-ITAT-2022(Bang)-TP
  • Tax Payer : Transworld ICT Solutions Pvt Ltd

ITAT: Considers assessee’s submissions; Dismisses appeal as withdrawn for AY 2015-16

  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2022(PUN)-TP
  • Tax Payer : Dream Plast India Pvt Ltd

ITAT: Restores the TP issue on corporate guarantee and interest on AE loans to CIT(A); Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-198-ITAT-2022(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd

ITAT: Rules on comparables, treats forex fluctuation as operating; Holds no negative WC adjustment

  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2022(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd

ITAT: Deletes upward TP adjustment on AE receivables for delayed payment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-195-ITAT-2022(CHNY)-TP
  • Tax Payer : Vestas Technology R&D Chennai Private Limited

ITAT: Remands various issues such as ALP determination, forex fluctuations, depreciation and working capital adjustment for fresh analysis

  • In Favour of Both, Partially
  • Citation Number : TS-194-ITAT-2022(Bang)-TP
  • Tax Payer : Tokai Rika Minda India Private Limited