Updates ( 9016 results )
ITAT: Upholds ‘NIL’ ALP for IGS sans documentary evidence; No prejudice against similar claim for other AYs
- In Favour of Revenue
- Citation Number : TS-124-ITAT-2022(DEL)-TP
- Tax Payer : Akzo Nobel India Ltd., (formerly known as Akzo Nobel Car Refinishes India Pvt. Ltd.)
ITAT: Accepts ALP of royalty, interest payments on INR denominated CCDs as determined by assessee, follows precedent
- In Favour of Assessee
- Citation Number : TS-122-ITAT-2022(Bang)-TP
- Tax Payer : Praxair India Private Limited
ITAT: Rules on the selection of comparables for ITeS; Excludes 3, Follows precedent
- In Favour of Assessee
- Citation Number : TS-120-ITAT-2022(Bang)-TP
- Tax Payer : Acuity Knowledge Centre (India) Pvt Ltd
ITAT: Pardons assessee's first unintentional and bonafide mistake of non-filing of Form 3CEB; Deletes 271BA penalty
- In Favour of Assessee
- Citation Number : TS-121-ITAT-2022(Ahd)-TP
- Tax Payer : Faith Intertrade
ITAT: Upholds RPM as ‘MAM’ for routine distributor functions; Highlights TPO’s power to obtain comparable information
- In Favour of Assessee
- Citation Number : TS-119-ITAT-2022(Bang)-TP
- Tax Payer : Toyota Industries Engine India Pvt Ltd
ITAT: Upholds CIT(A)'s deletion of disallowance u/s 10A made basis adjusted ALP of ITES to AE
- In Favour of Assessee
- Citation Number : TS-116-ITAT-2022(PUN)-TP
- Tax Payer : Romax Solutions Pvt Ltd
ITAT: Rules on selection of comparables in 4 segments; Allows working capital adjustment
- In Favour of Both, Partially
- Citation Number : TS-117-ITAT-2022(Mum)-TP
- Tax Payer : Red Hat India Private Limited
ITAT: Directs application of 25% export sales to sales filter for selection of comparables, Rules on IGS
- In Favour of Both, Partially
- Citation Number : TS-118-ITAT-2022(PUN)-TP
- Tax Payer : Nalco Water India Limited
ITAT: Deletes the TP-adjustment proposed for royalty as a separate international transaction; Follows precedent
- In Favour of Both, Partially
- Citation Number : TS-115-ITAT-2022(Bang)-TP
- Tax Payer : Toyota Kirloskar Motor P. Ltd
ITAT: Rejects comparables basis functional dissimilarity; Upholds CIT(A) order, follows precedent
- In Favour of Assessee
- Citation Number : TS-114-ITAT-2022(Bang)-TP
- Tax Payer : Xchanging Solutions Ltd (formerly Cambridge Solutions Limited)
ITAT: Imputes LIBOR+2% as ALP interest on outstanding AE-receivables; Restricts ALP adjustment to AE-transactions
- In Favour of Both, Partially
- Citation Number : TS-113-ITAT-2022(Bang)-TP
- Tax Payer : Bioplus Life Sciences Pvt Ltd
ITAT: Dismisses Miscellaneous Petition w.r.t TP adjustment on outstanding receivables
- In Favour of Both, Partially
- Citation Number : TS-111-ITAT-2022(Bang)-TP
- Tax Payer : Swiss Re Global Business Solution India Pvt Ltd
ITAT: Excludes 1, includes 1 comparable, Restricts TP adjustment to international transactions entered with AEs
- In Favour of Both, Partially
- Citation Number : TS-106-ITAT-2022(Bang)-TP
- Tax Payer : FMC India Pvt Ltd
ITAT: Excludes 2 comparables; Deletes TP Adjustment for marketing support services
- In Favour of Assessee
- Citation Number : TS-108-ITAT-2022(Mum)-TP
- Tax Payer : Asus India Pvt Ltd
ITAT: Remits ALP determination for certification services rendered, payment of royalty, IT and management fees; Rules on ITES comparables
- In Favour of Both, Partially
- Citation Number : TS-110-ITAT-2022(Bang)-TP
- Tax Payer : UL India Pvt Ltd
ITAT: Remits determination of ALP for Licence manufacturing segment, Information Service payment
- In Favour of Both, Partially
- Citation Number : TS-107-ITAT-2022(Bang)-TP
- Tax Payer : TE Connectivity India Pvt Ltd
ITAT: Quashes assessment orders passed beyond time limit u/s 153; Holds Sec.144C inapplicable prior to AY 2010-11
- In Favour of Assessee
- Citation Number : TS-105-ITAT-2022(SUR)-TP
- Tax Payer : Bilag Industries P Ltd
ITAT: Excludes 7 comparables failing upper turnover filter; Follows Autodesk India
- In Favour of Both, Partially
- Citation Number : TS-104-ITAT-2022(Bang)-TP
- Tax Payer : Radisys India Pvt Ltd
ITAT: Rules on financial transactions of Torrent Pharma; Deletes notional interest on O/s share application money
- In Favour of Both, Partially
- Citation Number : TS-101-ITAT-2022(Ahd)-TP
- Tax Payer : Torrent Pharmaceuticals Ltd
ITAT: Accepts unaudited segmental results for ALP-determination of BPO-segment, remits ALP-determination of performance guarantee
- In Favour of Both, Partially
- Citation Number : TS-103-ITAT-2022(Mum)-TP
- Tax Payer : Teleperformance Global Services Private Limited