Updates ( 9016 results )

Filters

ITAT: Directs re-computation of interest-adjustment on interest free loan advanced to AE; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2021(SUR)-TP
  • Tax Payer : Bialkhia Holdings Pvt Ltd

ITAT: Upholding internal CUP, deletes downward TP adjustment of SDT involving deduction u/s 80IA

  • In Favour of Assessee
  • Citation Number : TS-553-ITAT-2021(Kol)-TP
  • Tax Payer : Kesoram Industries Ltd

ITAT: Upholds arithmetic-mean over weighted-average mean for benchmarking purchase SDT; Highlights proviso to Sec 92C(2)

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2021(Kol)-TP
  • Tax Payer : Ankit Metal & Power Ltd

ITAT: Rejects ITES comparables basis extraordinary events, applies RPT, turnover filters

  • In Favour of Both, Partially
  • Citation Number : TS-548-ITAT-2021(PUN)-TP
  • Tax Payer : Entercoms Solutions Private Limited

ITAT: Remits ALP-adjudication for purchase of raw-materials on merits, Condemns ignorance of documentary-evidence

  • In Favour of Both, Partially
  • Citation Number : TS-546-ITAT-2021(PUN)-TP
  • Tax Payer : Taiyo Kagaku India Private Limited

ITAT: Quashes reassessment-order passed sans draft-order u/s 144C, No reason to believe for income-escapement accorded by AO

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2021(PUN)-TP
  • Tax Payer : Fiat India Automobiles Limited

ITAT: Highlights minority, immateriality of delayed AE-receivables; Philanthropic AE-sale immaterial for assessee's margins

  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2021(CHANDI)-TP
  • Tax Payer : Glaxo Smithkline Asia Pvt. Ltd

ITAT: Adopts corporate-guarantee fee ALP at 0.5%; Remits issue for ascertaining expenditure incurred by assessee

  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2021(PUN)-TP
  • Tax Payer : Bilcare Limited

ITAT: Excludes Killick Agency and Marketing Ltd as comparable for Nokia Sales citing functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2021(DEL)-TP
  • Tax Payer : Nokia India Sales Pvt. Ltd

ITAT: Applies MAP-approved margin on transactions with UK AEs to non-UK jurisdictions

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2021(Bang)-TP
  • Tax Payer : Tesco Bengaluru Pvt Ltd

ITAT: Highlights inconsistency in accounting practice for excluding comparables in ITES segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2021(HYD)-TP
  • Tax Payer : TNS India Pvt Ltd

ITAT: Restricts TP-adjustment to AE transactions; Deletes ALP-adjustment pertaining to interest receivables

  • In Favour of Assessee
  • Citation Number : TS-540-ITAT-2021(HYD)-TP
  • Tax Payer : Value Momentum Software Services P Ltd

ITAT: Quashes CIT's revisionary-jurisdiction given adequate inquiry by AO, order not erroneous or prejudicial to Revenue

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2021(Mum)-TP
  • Tax Payer : Reliance Life Sciences Pvt Ltd

ITAT: Directs benchmarking of royalty on standalone-basis; Accepts receipt of intra-group services basis documentary-evidence

  • In Favour of Both, Partially
  • Citation Number : TS-541-ITAT-2021(PUN)-TP
  • Tax Payer : Johnson Matthey Chemicals India Private Limited

ITAT: Grants further stay-extension to Dell International Services India; Assessee not to seek adjournment

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd

ITAT: Deletes TP-adjustment on royalty, information system services, exports, ECB etc; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2021(Mum)-TP
  • Tax Payer : Firemenich Aromatics (India) Pvt Ltd

ITAT: Deletes guarantee-commission on loan advanced by assessee himself; Deletes interest on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2021(Mum)-TP
  • Tax Payer : Oracle Financial Services Software Ltd

ITAT: Excludes 3 comparables applying upper turnover-filter of Rs 200 crores for captive software-developer

  • In Favour of Assessee
  • Citation Number : TS-533-ITAT-2021(Bang)-TP
  • Tax Payer : Galax E Solutions India Pvt Ltd

ITAT: Denies mark-up on transaction costs; Upholds mark-up for credit rating of AE qua loan-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-531-ITAT-2021(DEL)-TP
  • Tax Payer : Shyam Telecom Ltd

ITAT: Quashes assessment order passed beyond one month from receiving DRP directions

  • In Favour of Assessee
  • Citation Number : TS-1131-ITAT-2016(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)