Updates ( 9016 results )

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ITAT: Excludes 4 comparables for software developer; Directs adoption of correct margin for others

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2021(Bang)-TP
  • Tax Payer : OLF (India) Software Pvt Ltd

ITAT: Adjudicates on various TP grounds for Viacom 18 Media; Follows past orders and precedents

  • In Favour of Both, Partially
  • Citation Number : TS-454-ITAT-2021(Mum)-TP
  • Tax Payer : Viacom 18 Media Pvt Ltd (formerly M/s. MTV Network India Pvt. Ltd.)

ITAT: Permits withdrawal of Microsoft India's appeal on TP grounds in view of APA-resolution

  • In Favour of Assessee
  • Citation Number : TS-453-ITAT-2021(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt. Ltd

ITAT: Deletes TP-adjustment on royalty-payments and export of finished-goods to AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2021(Ahd)-TP
  • Tax Payer : Inductotherm (India) Pvt Ltd

ITAT: Restricts guarantee-commission ALP @ 0.875%; Deletes TP-adjustment on AE interest-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-449-ITAT-2021(HYD)-TP
  • Tax Payer : Synergies Castings Limited

ITAT: Restores TP-adjustments for ECB interest-paid, AE-interest receivable; Directs closure within three effective hearings

  • In Favour of Both, Partially
  • Citation Number : TS-447-ITAT-2021(HYD)-TP
  • Tax Payer : Progress Software Development Private Limited

ITAT: Restores TP-adjustment for management support services for document examination; Directs AO to follow earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-448-ITAT-2021(Mum)-TP
  • Tax Payer : Megger India Pvt Ltd

ITAT: Restores comparability of 10 companies; Treats depreciation as operating & sale of tools as non-operating

  • In Favour of Both, Partially
  • Citation Number : TS-446-ITAT-2021(DEL)-TP
  • Tax Payer : FMI Automotive Components Pvt. Ltd

ITAT: Grants further stay-extension of 3 months; Delay in appeal-disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Limited

ITAT: Confirms CIT(A)’s decision determining ALP of corporate-guarantee fee at 0.5%; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2021(Mum)-TP
  • Tax Payer : Network 18 Media & Investment Ltd

ITAT: Allows assessee’s-MP, Treats provision for bad and doubtful debts as operating in nature

  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2021(Bang)-TP
  • Tax Payer : Evolving Systems Networks India Pvt Ltd

ITAT: No further profit attribution to alleged-PE if Indian-AE remunerated at ALP

  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2021(Mum)-TP
  • Tax Payer : Mobileum Inc

ITAT: Occurrence of extra-ordinary event a valid reason for excluding a comparable; Remits ALP determination

  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2021(PUN)-TP
  • Tax Payer : Optiva India Technologies Private Limited

ITAT: Remits ALP-determination w.r.t trademark license-fees after fresh verification of evidence filed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-437-ITAT-2021(PUN)-TP
  • Tax Payer : TRUMPF India Private Limited

ITAT: Adjudicates on negative working capital adjustment, treatment of forex and selection of comparables

  • In Favour of Both, Partially
  • Citation Number : TS-435-ITAT-2021(Bang)-TP
  • Tax Payer : CISCO Systems BV India Branch

ITAT: Deletes TP adjustment on SDT transactions for transfer of electric power and steam

  • In Favour of Assessee
  • Citation Number : TS-438-ITAT-2021(DEL)-TP
  • Tax Payer : Nectar Lifesciences Ltd

ITAT: Adjudicates on CIT(A)'s power, assessee's characterisation, comparables selection & more!

  • In Favour of Both, Partially
  • Citation Number : TS-433-ITAT-2021(Mum)-TP
  • Tax Payer : Mindcrest (India) Pvt Ltd.

ITAT: Deletes TP-adjustment on AE interest receivable; Rejects notional treatment of capital infusion as loan

  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2021(DEL)-TP
  • Tax Payer : Jaypee Capital Services Ltd

ITAT: Allows assessee's Miscellaneous Application; acknowledges inadvertent missing out of comparable

  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2021(Bang)-TP
  • Tax Payer : Acuity Knowledge Center (India) Pvt. Ltd

ITAT: Deletes TP-adjustment on interest on delayed AE-receivables; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2021(DEL)-TP
  • Tax Payer : American Express (India) Pvt Ltd