Updates ( 9016 results )

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ITAT: Remits TP-adjustment on intra group services; Rejects TPO’s NIL ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-526-ITAT-2021(Bang)-TP
  • Tax Payer : Lifestyle International (P) Limited

ITAT: Rejects Eclerx and TCS E-Serve for ITeS captive-service provider; Deletes outstanding AE-receivables TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-527-ITAT-2021(DEL)-TP
  • Tax Payer : CPA Global Support Services India Private Limited

ITAT: Stays demand, subject to refund adjustment of 20%, considering favourable precedents

  • In Favour of Assessee
  • Citation Number : TS-1265-ITAT-2020(CHNY)-TP
  • Tax Payer : Virtusa Consulting Services Private Limited

ITAT: Grants stay basis prima-facie case, subject to payment/ refund adjustment for 20% of demand

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2021(HYD)-TP
  • Tax Payer : Infor (India) Private Limited

ITAT: Upholds ALP of interest-free AE-loan at LIBOR+300bps, quotes earlier-order; Acknowledges suo-motu adjustment

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2021(Mum)-TP
  • Tax Payer : Air Works India (Engineering) Pvt Ltd

ITAT: Eliminates Just Dial as comparable, cites difference in nature of services & business model

  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2021(PUN)-TP
  • Tax Payer : Garrett Motion Technologies (India) Private Limited

ITAT: Upholds assessee's CUP over TPO’s TNMM; Accepts application of customs database, follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-521-ITAT-2021(DEL)-TP
  • Tax Payer : TRL Riceland Pvt. Ltd

ITAT: Rules on comparables for software development segment; Remits 10 & Excludes 2 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-523-ITAT-2021(Bang)-TP
  • Tax Payer : Arista Networks India Private Limited

ITAT: Upholds CIT(A)'s LIBOR+5% rate for AE loans; Rules on comparables for SWD, manufacturing activity & more!

  • In Favour of Both, Partially
  • Citation Number : TS-520-ITAT-2021(DEL)-TP
  • Tax Payer : Omaxe Ltd

ITAT: Companies having export-turnover functionally dissimilar to ones operating in domestic-market; Remits ALP determination

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2021(DEL)-TP
  • Tax Payer : BWI Automotive Technologies Pvt Ltd

ITAT: Remits AMP-adjustment for establishing existence of international-transaction, separation from royalty-payment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2021(Bang)-TP
  • Tax Payer : Kontoor Brands India Pvt Ltd

ITAT: Deletes TP adjustment on intra-group services and interest on AE receivables

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2021(DEL)-TP
  • Tax Payer : Avery Dennison (India) P Ltd

ITAT: Upholds non-applicability of Sec 271(G) penalty; TP documents furnished immediately after second notice

  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2021(DEL)-TP
  • Tax Payer : WIPRO GE Health Care Pvt. Ltd

ITAT: Deletes Sec.271J penalty; Assessee not an ‘accountant’, ‘merchant banker’ or ‘registered valuer’

  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2021(DEL)-TP
  • Tax Payer : Danfoss Power Solutions Pvt Ltd

ITAT: Grants further stay extension of 6 months to Google India; Follows Pepsi Foods

  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2021(Bang)-TP
  • Tax Payer : Google India Private Limited

ITAT: Applying Autodesk ruling, excludes 6 comparables for software development segment; Restores TP adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-511-ITAT-2021(Bang)-TP
  • Tax Payer : Biesse Manufacturing Company Private Limited

ITAT: Deletes TP-adjustment on SDT covered under erstwhile Sec 92BA(i); Directs examination u/s 40A(2)

  • In Favour of Assessee
  • Citation Number : TS-508-ITAT-2021(Bang)-TP
  • Tax Payer : Cauvery Aqua Private Limited

ITAT: Sets aside non-speaking order deleting Sec.271(1)(c) penalty, directs deliberation on SC-ruling applicability

  • In Favour of Revenue
  • Citation Number : TS-503-ITAT-2021(Mum)-TP
  • Tax Payer : Royal Star Jewellery Private Ltd.

ITAT: Grants permission for assessee’s withdrawal of TP appeal absent Revenue's objection

  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2021(Mum)-TP
  • Tax Payer : MWH India Pvt Ltd

ITAT: Grants over Rs 2,500 crore demand stay to Samsung India Electronics; Considers prima-facie TP-case

  • In Favour of Assessee
  • Citation Number : TS-502-ITAT-2021(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt. Ltd