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ITAT: Rules on comparables for IT-services, WIP from non-comparable activity cannot be considered for WCA

  • In Favour of Both, Partially
  • Citation Number : TS-625-ITAT-2021(PUN)-TP
  • Tax Payer : ComputerLand UK Limited

ITAT: Accepts inter-unit cost transfers as ALP for Sec-80IC deduction; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-624-ITAT-2021(DEL)-TP
  • Tax Payer : Hero MotoCorp Ltd.

ITAT: Holds guarantee fee, interest on foreign currency loan at ALP; Deletes mark-up on pass-through costs

  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2021(DEL)-TP
  • Tax Payer : SRF Limited

ITAT: Rules on various comparables for software development service provider; Excludes seven, includes one, remits one

  • In Favour of Both, Partially
  • Citation Number : TS-622-ITAT-2021(Bang)-TP
  • Tax Payer : Tektronix (India) P Ltd

ITAT: Remits ALP-determination for certification services; Rules on comparables for ITES

  • In Favour of Both, Partially
  • Citation Number : TS-621-ITAT-2021(Bang)-TP
  • Tax Payer : UL India Private Ltd

ITAT: Though test of commercial expediency not necessary, deletes TP-adjustment qua IGS basis benefits derived

  • In Favour of Assessee
  • Citation Number : TS-620-ITAT-2021(DEL)-TP
  • Tax Payer : Metalsa India Private Limited

ITAT: Excludes companies making abnormal-profits, undergoing acquisition/ merger as comparables for ITES provider, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-619-ITAT-2021(Mum)-TP
  • Tax Payer : Travelex India Pvt. Ltd

ITAT: Upholds profit attribution of 10% to Bombardier’s PE, in-line with prior year’s ALP basis FAR analysis

  • In Favour of Assessee
  • Citation Number : TS-612-ITAT-2021(DEL)-TP
  • Tax Payer : Bombardier (Singapore) PTE. Ltd

ITAT: Holds interest on AE-receivables as international transaction; However, deletes imputed interest, absent comparable data

  • In Favour of Both, Partially
  • Citation Number : TS-614-ITAT-2021(HYD)-TP
  • Tax Payer : Open Text Corporation India Pvt Ltd (Cordys Software India Pvt Ltd is now merged with Open Tex Corporation India Pvt Ltd)

ITAT: Restores manufacturing and trading segment benchmarking issues; Directs OP/OR as PLI for trading

  • In Favour of Both, Partially
  • Citation Number : TS-615-ITAT-2021(Bang)-TP
  • Tax Payer : Yokogawa India Limited

ITAT: Holds internal CUP as MAM for purchase/ sale transactions by Tata Coffee; Refers to appropriateness of CUP as MAM

  • In Favour of Both, Partially
  • Citation Number : TS-613-ITAT-2021(Bang)-TP
  • Tax Payer : Tata Coffee Limited

ITAT: Upholds DRP’s classification of functions akin to ITES as BPO, not KPO; Rejects functionally dissimilar companies

  • In Favour of Assessee
  • Citation Number : TS-616-ITAT-2021(Bang)-TP
  • Tax Payer : IQVIA RDS (India) Pvt. Ltd

ITAT: Rules on comparables for software developer; Deletes blanket interest on receivables, absent comparable data

  • In Favour of Assessee
  • Citation Number : TS-610-ITAT-2021(HYD)-TP
  • Tax Payer : Oakton Global Technology Services Centre India Pvt Ltd

ITAT: No separate benchmarking for SDT costs subsumed as operating under TNMM calculation, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2021(Bang)-TP
  • Tax Payer : Cisco Systems Capital (India) Pvt.Ltd.

ITAT: Rejects 7 comparables for software developer; Allows working capital adjustment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2021(Bang)-TP
  • Tax Payer : Moog India Technology Centre Private Limited

ITAT: Treats royalty payment of 4% at ALP; Upholds SBI linked benchmarking for CCDs

  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2021(Bang)-TP
  • Tax Payer : Praxair India Private Limited

ITAT: Allows exclusion of Info Edge and CDSL Ventures basis functional dissimilarity; Upholds CIT(A) order

  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2021(DEL)-TP
  • Tax Payer : Verint Systems (India) Pvt Ltd

ITAT: Allows exclusion of four comparables; Disallows negative working-capital adjustment for captive software-developer

  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2021(Bang)-TP
  • Tax Payer : GXS India Technology Centre Pvt Ltd

ITAT: Remits TP-analysis after due consideration of assessee's business-model; MAM determination, a consequent exercise

  • In Favour of Both, Partially
  • Citation Number : TS-605-ITAT-2021(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd

ITAT: Rules on comparables, depreciation adjustment and negative work capital adjustment for captive ITES provider

  • In Favour of Assessee
  • Citation Number : TS-601-ITAT-2021(Bang)-TP
  • Tax Payer : Outsourcepartners International Pvt Ltd