Updates ( 9016 results )

Filters

ITAT: Upholds application of turnover filter of Rs. 200 crores for SWD and ITES segment; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2021(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd

HC: Karnataka HC quashes assessment order passed without DRP directions, being violative of 144C

  • In Favour of Assessee
  • Citation Number : TS-672-HC-2021(KAR)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd

ITAT: Rules on comparable selection for SWD provider on multiple criteria

  • In Favour of Both, Partially
  • Citation Number : TS-670-ITAT-2021(HYD)-TP
  • Tax Payer : Wave Crest Payment Technology Pvt Ltd

ITAT: Rules on comparable selection, remits working capital and risk adjustment for SWD provider; Follows Huawei Technologies

  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2021(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd

ITAT: Upholds RBI approved royalty payment rate of 5% as against subsequent year revised rate of 4%; Follows precedent in principle

  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2021(HYD)-TP
  • Tax Payer : Owens Corning Industries (India) Pvt. Ltd.

ITAT: Excludes L&T Infotech, Persistent Systems, Rejects negative working capital adjustment for SWD service-provider

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2021(Bang)-TP
  • Tax Payer : Fiberlink Software Pvt Ltd

ITAT: Rejects negative working capital adjustment for captive SWD provider; rules on selection of comparables

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2021(Bang)-TP
  • Tax Payer : GXS India Technology Centre Pvt Ltd

ITAT: Rules on comparables in Dell International Services' case, Excludes seven, remits two

  • In Favour of Both, Partially
  • Citation Number : TS-664-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Upholds RPM for trading segment & CPM for manufacturing segment, sans contradictory evidence; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-663-ITAT-2021(Bang)-TP
  • Tax Payer : A.O. Smith India Water Products Pvt Ltd

ITAT: Rules on various aspects of ALP determination for manufacturing segment and IGS, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2021(Bang)-TP
  • Tax Payer : SKF Engineering and Lubrication India Pvt Ltd

ITAT: Rules on selection of comparables; Remits capacity, working capital, risk adjustment etc., follows Baracuda Networks

  • In Favour of Both, Partially
  • Citation Number : TS-661-ITAT-2021(Bang)-TP
  • Tax Payer : Atmecs Technologies Private Limited

ITAT: Remits comparability issue for a forwarding and logistics company

  • In Favour of Both, Partially
  • Citation Number : TS-656-ITAT-2021(Bang)-TP
  • Tax Payer : Kintetsu World Express India Pvt Ltd

ITAT: Upholds corporate-guarantee as international-transaction and approves 0.5% ALP addition; follows Everest Kanto and Redington

  • In Favour of Revenue
  • Citation Number : TS-655-ITAT-2021(DEL)-TP
  • Tax Payer : PCI Limited

ITAT: Restores BBC's case for verification of mark-up on costs, Highlights assessee’s onus to substantiate

  • In Favour of Both, Partially
  • Citation Number : TS-660-ITAT-2021(DEL)-TP
  • Tax Payer : BBC World Service India Pvt Ltd

HC: Quashes LG Soft's assessment-order passed sans DRP directions, directs following of Sec 144C procedure

  • In Favour of Assessee
  • Citation Number : TS-659-HC-2021(KAR)-TP
  • Tax Payer : LG Soft India Pvt Ltd

ITAT: Remits differential customs-duty and working-capital adjustment for automotive component manufacturer; Rules on operating/non-operating expenses

  • In Favour of Both, Partially
  • Citation Number : TS-657-ITAT-2021(CHNY)-TP
  • Tax Payer : Doowon Automotive Systems India Pvt Ltd

ITAT: Upholds application of upper turnover filter, working capital adjustment at actuals; Rules on comparables for SWD and MSS

  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2021(Bang)-TP
  • Tax Payer : Sandisk India Device Design Centre Pvt Ltd

ITAT: Rules on comparables for Samsung R&D Institute; Excludes 4, includes 2 and remits 2

  • In Favour of Both, Partially
  • Citation Number : TS-653-ITAT-2021(Bang)-TP
  • Tax Payer : Samsung R&D Institute India Bangalore Pvt Ltd

ITAT: Remits issues on adjustments qua capacity, customs duty, forex fluctuations; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-654-ITAT-2021(Bang)-TP
  • Tax Payer : Continental Automotive Components (India) Pvt. Ltd

ITAT: Directs exclusion of Axis Integrated Systems, Just Dial & Killick Agencies & Marketing Ltd as comparables for Nokia India

  • In Favour of Both, Partially
  • Citation Number : TS-651-ITAT-2021(DEL)-TP
  • Tax Payer : Nokia India Pvt. Ltd