Updates ( 9016 results )

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ITAT: Dismisses ground on TP adjustment in view of APA resolution

  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2022(Bang)-TP
  • Tax Payer : Infinera India Pvt. Ltd

ITAT: Rules on selection of comparables for SWD, excludes 4, includes 1; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2022(Bang)-TP
  • Tax Payer : Sharp Software Development India Pvt Ltd

ITAT: Directs use of internal comparables over external comparables, Remits the issue of benchmarking international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-97-ITAT-2022(Bang)-TP
  • Tax Payer : Sami –Sabinsa Group Ltd

ITAT: Remands issue of characterization of assessee’s business; Directs de-novo verification considering assessee’s FAR analysis

  • In Favour of Assessee
  • Citation Number : TS-99-ITAT-2022(Bang)-TP
  • Tax Payer : Talisma Corporation Pvt Ltd

ITAT: Directs inclusion of companies wrongly excluded basis DRP’s erroneous presumption; Grants working capital adjustment at actuals

  • In Favour of Assessee
  • Citation Number : TS-95-ITAT-2022(Bang)-TP
  • Tax Payer : Tenova Technologies Pvt Ltd

HC: Admits assessee’s writ; Directs excess tax to be refunded as a logical consequence of remand of original appellate proceedings

  • In Favour of Assessee
  • Citation Number : TS-96-HC-2022(KAR)-TP
  • Tax Payer : TE Connectivity India Pvt Ltd

ITAT: Remits the issue of characterization of services rendered by assessee, Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-92-ITAT-2022(Bang)-TP
  • Tax Payer : Ingersoll Rand International (India) Pvt Ltd

ITAT: Deletes 271G penalty, Takes cognizance of reasonable cause in failure to maintain newly requested information

  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2022(Mum)-TP
  • Tax Payer : DA Jhaveri

ITAT: Rules on SWD comparables’ selections, excludes 4; Deletes negative working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-88-ITAT-2022(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd

ITAT: Upholds SEB rate for transfer of power as against average IEX rate; Rejects ‘Nil’ cost of steam generation

  • In Favour of Assessee
  • Citation Number : TS-89-ITAT-2022(CHANDI)-TP
  • Tax Payer : Nectar Lifesciences Ltd

HC: Allows assessee's writ, sets aside TP order; Directs grant of opportunity of hearing through virtual mode

  • In Favour of Assessee
  • Citation Number : TS-87-HC-2022(DEL)-TP
  • Tax Payer : Dabur India Ltd

ITAT: Upholds grant of depreciation adjustment made to assessee’s margins; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-81-ITAT-2022(Bang)-TP
  • Tax Payer : 24/7 Customer Private Ltd

ITAT: Directs aggregated benchmarking for sales and extended credit facility; Deems them ‘ closely linked’ transaction

  • In Favour of Assessee
  • Citation Number : TS-83-ITAT-2022(Mum)-TP
  • Tax Payer : Yash Jewellery Pvt Ltd

ITAT: Upholds CIT(A); Directs TNMM based benchmarking for IGS rendered by AEs

  • In Favour of Both, Partially
  • Citation Number : TS-82-ITAT-2022(Mum)-TP
  • Tax Payer : Endemol India Pvt Ltd

ITAT: Upholds Singapore AE as tested party; RPM as MAM for import of finished goods

  • In Favour of Assessee
  • Citation Number : TS-80-ITAT-2022(Mum)-TP
  • Tax Payer : Kellogg India Private Limited

ITAT: Permits part withdrawal of appeal; Grounds pertaining to TP issues covered under APA

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2022(PUN)-TP
  • Tax Payer : NortonLifeLock India Pvt Ltd

ITAT: Rules on comparables selection; Denies risk adjustment sans higher risk profile of assessee

  • In Favour of Both, Partially
  • Citation Number : TS-78-ITAT-2022(PUN)-TP
  • Tax Payer : Knorr-Bremse Technology Center India Pvt Ltd

ITAT: Upholds deletion of 271(1)(c) penalty; ALP adjustment due to estimation difference not concealment

  • In Favour of Assessee
  • Citation Number : TS-76-ITAT-2022(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Ltd

ITAT: Rejects DRP’s non-inclusion of companies having data in public-domain; Applies upper turnover filter

  • In Favour of Both, Partially
  • Citation Number : TS-73-ITAT-2022(Bang)-TP
  • Tax Payer : Prism Networks Private Limited

ITAT: Allows working capital adjustment on SDT; Follows Huawei Technologies ruling

  • In Favour of Both, Partially
  • Citation Number : TS-75-ITAT-2022(Bang)-TP
  • Tax Payer : Bharat Vijaykumar Jain