Updates ( 9016 results )
ITAT: Deletes TP-adjustment on AE interest receivables benchmarked using SBI term deposit rate
- In Favour of Assessee
- Citation Number : TS-360-ITAT-2021(HYD)-TP
- Tax Payer : S&P Capital IQ (India) Private Limited
ITAT: Excludes E-Zest Solutions Limited and Softsol India Limited for software-developer; Follows GXS India ruling
- In Favour of Assessee
- Citation Number : TS-361-ITAT-2021(Bang)-TP
- Tax Payer : Dell International Services India Private Limited
ITAT: Rejects TP-adjustment qua import-duty; Remits capacity-utilization adjustment qua personnel-cost
- In Favour of Both, Partially
- Citation Number : TS-357-ITAT-2021(DEL)-TP
- Tax Payer : Keihin Automotive India Pvt Ltd
ITAT: Holds corporate guarantee as international transaction; Directs ALP adjustment on actual amount utilised
- In Favour of Both, Partially
- Citation Number : TS-356-ITAT-2021(HYD)-TP
- Tax Payer : Rain Industries Ltd
ITAT: Upholds benchmarking FCD interest payment using SIBOR rate; Applies rule of consistency
- In Favour of Revenue
- Citation Number : TS-352-ITAT-2021(HYD)-TP
- Tax Payer : Devgen Seeds & Crop Technology Pvt Ltd
ITAT: Quashes penalty-notice as vague/ambiguous; Absence of overt act of suppression eliminates Explanation 7 invocation
- In Favour of Assessee
- Citation Number : TS-353-ITAT-2021(DEL)-TP
- Tax Payer : CLIX Finance India Pvt Ltd
ITAT: Treats provision written back as operating, grants working-capital adjustment; Restricts TP-adjustment to AE transaction
- In Favour of Both, Partially
- Citation Number : TS-349-ITAT-2021(Bang)-TP
- Tax Payer : Toyota Kirloskar Motors Private Limited
ITAT: Grants conditional stay since case prima-facie in asseesee's favour, Directs payment of 20% outstanding-demand
- In Favour of Assessee
- Citation Number : TS-348-ITAT-2021(Bang)-TP
- Tax Payer : Biesse Manufacturing Co Pvt Ltd
ITAT: Remits ALP determination for purchase of capital goods; Grants opportunity of being heard to assessee
- In Favour of Both, Partially
- Citation Number : TS-347-ITAT-2021(DEL)-TP
- Tax Payer : ALcatel Lucent India Ltd
ITAT: Rejects re-characterization of debentures/CCD as issue of shares; Rules on comparable
- In Favour of Both, Partially
- Citation Number : TS-346-ITAT-2021(PUN)-TP
- Tax Payer : City Corporation Limited
ITAT: Remits capacity-utilization adjustment, directs mandatory compliance with DRP-directions; Restricts TP-adjustment to AE- transactions
- In Favour of Assessee
- Citation Number : TS-345-ITAT-2021(PUN)-TP
- Tax Payer : Francois Compressors India Pvt. Ltd
ITAT: Rejects TPO’s re-characterization of debentures/CCD as issue of shares, remits ALP-computation; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-343-ITAT-2021(PUN)-TP
- Tax Payer : City Corporation Limited
ITAT: Denies negative working capital adjustment for captive-service-provider; Includes Crystal Voxx as comparable
- In Favour of Assessee
- Citation Number : TS-342-ITAT-2021(Bang)-TP
- Tax Payer : Encora Innovation India Private Limited (Formerly known as Indecomm Global Services (India) Private Limited)
ITAT: Excludes 10 and includes 3 comparables for captive software developer, follows precedents
- In Favour of Both, Partially
- Citation Number : TS-341-ITAT-2021(DEL)-TP
- Tax Payer : ALcatel Lucent India Ltd
ITAT: Rules on selection of comparables for IT, ITES and BSS segments; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-339-ITAT-2021(PUN)-TP
- Tax Payer : Eaton Technologies P. Ltd
ITAT: Applies upper-turnover filter of 200 crores for comparables' selection for small software-developer
- In Favour of Assessee
- Citation Number : TS-337-ITAT-2021(CHNY)-TP
- Tax Payer : Kumaran Systems P. Ltd.
ITAT: Excludes 11 comparables for assessee providing data processing, back office operation; Follows precedents
- In Favour of Assessee
- Citation Number : TS-334-ITAT-2021(Mum)-TP
- Tax Payer : DBOI Global Services Pvt Ltd
ITAT: Includes comparables, rejects Revenue's observation qua persistent losses
- In Favour of Assessee
- Citation Number : TS-336-ITAT-2021(Mum)-TP
- Tax Payer : Morgan Stanley Advantage Services Pvt Ltd
ITAT: Rectifies Tribunal-order; Replaces ‘working capital adjustment’ with ‘capacity adjustment’
- In Favour of None/NA
- Citation Number : TS-333-ITAT-2021(PUN)-TP
- Tax Payer : Hyundai Construction Equipment India Pvt Ltd
ITAT: Deletes TP-adjustment of INR 10 crores on payment of trade-mark fees; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-332-ITAT-2021(DEL)-TP
- Tax Payer : Goodyear India Ltd