Updates ( 9016 results )
HC: Quashes assessment order passed without providing opportunity of being heard; Remands for De novo adjudication
- In Favour of Assessee
- Citation Number : TS-175-HC-2022(KAR)-TP
- Tax Payer : Simplilearn Solutions Private Limited
ITAT: Excludes SWD companies with turnover above Rs.200 Cr.; Remits on WC adjustment
- In Favour of Both, Partially
- Citation Number : TS-171-ITAT-2022(Bang)-TP
- Tax Payer : Capco Technologies Pvt Ltd
ITAT: Sec.92C(4) inapplicable where Sec.10A exemption not claimed on TP adjustment; Sets aside revisionary order
- In Favour of Assessee
- Citation Number : TS-172-ITAT-2022(DEL)-TP
- Tax Payer : Linde engineering India private limited
ITAT: Directs deletion of adjustment on account of intra-group services; Follows precedent
- In Favour of Both, Partially
- Citation Number : TS-165-ITAT-2022(DDN)-TP
- Tax Payer : BG Exploration & Production India Ltd
ITAT: Accepts year-specific exchange rate differential as markup on LIBOR for interest on receivables
- In Favour of Both, Partially
- Citation Number : TS-161-ITAT-2022(DEL)-TP
- Tax Payer : Headstrong Services India Pvt. Ltd
ITAT: Allows risk adjustment basis unique manufacturing activity & competitive landscape; Upholds Ashnoor Textiles Mills as comparable
- In Favour of Assessee
- Citation Number : TS-164-ITAT-2022(CHNY)-TP
- Tax Payer : India Trimmings (P) Ltd
ITAT: Deletes cost contribution adjustment, following group entity's case; Rejects standalone benchmarking under CUP
- In Favour of Assessee
- Citation Number : TS-162-ITAT-2022(Bang)-TP
- Tax Payer : Ingersoll-Rand Technologies and Services Pvt Ltd
ITAT: Excludes SWD and ITeS companies above Rs.200 Cr. turnover; Deletes negative WC adjustment for captive service provider
- In Favour of Assessee
- Citation Number : TS-160-ITAT-2022(Bang)-TP
- Tax Payer : Quest Global Engineering Services Pvt Ltd
ITAT: Remits verification of clubbing of non-AE expenses under AE segment; Holds onus lies on assessee
- In Favour of Both, Partially
- Citation Number : TS-159-ITAT-2022(Bang)-TP
- Tax Payer : Inger-Soll Rand International (India) Pvt Ltd
ITAT: Upholds turnover filter of Rs.200-Rs.2000 Cr. in SWD & ITeS segments; Follows LG Soft India
- In Favour of Both, Partially
- Citation Number : TS-151-ITAT-2022(Bang)-TP
- Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
ITAT: Quashes TPO’s order proposing adjustment of SDT due to deletion of Sec.92BA(i); Relies on Ammann India
- In Favour of Assessee
- Citation Number : TS-158-ITAT-2022(Ahd)-TP
- Tax Payer : Laxmi Hydrocolloids
ITAT: Remits manufacturing segment's capacity utilization adjustment; Rules on ITES comparables
- In Favour of Both, Partially
- Citation Number : TS-157-ITAT-2022(Bang)-TP
- Tax Payer : Brady Company India Pvt Ltd
ITAT: Admits additional evidence, directs verification of applicability of internal TNMM over external
- In Favour of Both, Partially
- Citation Number : TS-153-ITAT-2022(Bang)-TP
- Tax Payer : Altran Technologies India Pvt Ltd
ITAT: Directs verification if assessee’s business akin to SWD or software manufacturing; Upholds LIBOR+2% on receivables
- In Favour of Assessee
- Citation Number : TS-156-ITAT-2022(Bang)-TP
- Tax Payer : Talisma Corporation Pvt Ltd
ITAT: Directs TP adjustment basis verification if Schneidar's FAR akin to SWD or R&D service
- In Favour of Both, Partially
- Citation Number : TS-154-ITAT-2022(Bang)-TP
- Tax Payer : Schneider Electric IT Business India Pvt Ltd
ITAT: Following SC ruling in Maruti Suzuki, quashes assessment order passed in predecessor’s name
- In Favour of Assessee
- Citation Number : TS-155-ITAT-2022(DEL)-TP
- Tax Payer : Honda Cars India Ltd
ITAT: Upholds OP/Sales as PLI for textile machinery & auto components manufacturing segments
- In Favour of Both, Partially
- Citation Number : TS-149-ITAT-2022(Bang)-TP
- Tax Payer : Toyota Industries Engine India Pvt Ltd
ITAT: Holds CUP for royalty tenable since comparables available, despite TNMM at entity level
- In Favour of Both, Partially
- Citation Number : TS-152-ITAT-2022(CHNY)-TP
- Tax Payer : Doosan Power Systems India Pvt Ltd
ITAT: Separate AMP adjustment not required as Lenovo’s trading margins at ALP; Accepts CUP for manufacturing segment
- In Favour of Assessee
- Citation Number : TS-148-ITAT-2022(Bang)-TP
- Tax Payer : Lenovo (India) Pvt Ltd
ITAT: Upholds relevance of broad similarity under TNMM; Allows working capital adjustment following Huawei Technologies
- In Favour of Both, Partially
- Citation Number : TS-147-ITAT-2022(Bang)-TP
- Tax Payer : Walvoil Fluid Power India Pvt Ltd