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ITAT: Allows extended AE credit period in light of applicability of APA rollback

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2021(Bang)-TP
  • Tax Payer : ANZ Support Services India Private Limited

ITAT: Rules on selection of comparables for software-developer, grants working capital adjustment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-328-ITAT-2021(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd

ITAT: Directs ALP determination at 0.5% of corporate-guarantee and LIBOR-rates for interest-free foreign-AE loans

  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2021(Mum)-TP
  • Tax Payer : Rosy Blue (India) Pvt. Ltd

ITAT: Allows working-capital adjustment, considers availability of relevant data; Restricts TP-adjustment to international-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2021(Bang)-TP
  • Tax Payer : Inflow Technologies Private Limited

ITAT: Directs deletion of TP-adjustment on ITES, re-characterization of equity investments and reimbursement of software expenses

  • In Favour of Both, Partially
  • Citation Number : TS-324-ITAT-2021(Mum)-TP
  • Tax Payer : Onward Technologies Limited.

ITAT: Directs deletion of TP-adjustment made on account of royalty payment to AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2021(DEL)-TP
  • Tax Payer : Expeditors International (India) Pvt Ltd

ITAT: Applies India-US MAP margin to transactions with non US-based AEs; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-322-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd

ITAT: Rejects TPO’s interest charged on outstanding balances, advances given liquidation of overseas-AE

  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2021(Mum)-TP
  • Tax Payer : Hilti Manufacturing India Pvt Ltd

ITAT: Holds no TP-adjustment warranted where non-resident assessee remunerates Indian AE at ALP

  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2021(Mum)-TP
  • Tax Payer : NGC Network Asia LLC

ITAT: Allows exclusion of depreciation to compute cash profit margins for assessee & comparables

  • In Favour of Assessee
  • Citation Number : TS-315-ITAT-2021(Bang)-TP
  • Tax Payer : Bosch Automotive Electronics India Pvt. Ltd

ITAT: Holds neither Sec 92BA nor 40A(2) applicable for 100 percent purchases from domestic related party

  • In Favour of Assessee
  • Citation Number : TS-316-ITAT-2021(DEL)-TP
  • Tax Payer : Mercury Fabric Creations Pvt .Ltd

ITAT: Holds corporate guarantee not an international transaction absence bearing on profits; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2021(Ahd)-TP
  • Tax Payer : Kiri Dyes & Chemicals Ltd

ITAT: Grants +/-5% range benefit to delete TP-adjustment; Dismisses Revenue’s-appeal on comparables as infructuous

  • In Favour of Assessee
  • Citation Number : TS-319-ITAT-2021(Mum)-TP
  • Tax Payer : APL Logistics (India) Private Limited

ITAT: Upholds CIT(A)’s order of excluding Infosys BPO, Acropetal and eClerx for ITES provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2021(DEL)-TP
  • Tax Payer : Future First Info. Services Pvt. Ltd

ITAT: Remits ALP-determination for intra-group services; Assessee to highlight usefulness of voluminous emails produced

  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2021(Bang)-TP
  • Tax Payer : Exide Life Insurance Company Ltd

ITAT: Rules on comparables for Huawei Technologies India; Remits working capital plea

  • In Favour of Both, Partially
  • Citation Number : TS-306-ITAT-2021(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd

ITAT: Deletes TP-adjustment on fees charged to AE, holds TNMM more appropriate than CUP

  • In Favour of Assessee
  • Citation Number : TS-305-ITAT-2021(Mum)-TP
  • Tax Payer : Hapag Lloyd India Private Limited

ITAT: Directs separate benchmarking of IT & ITES segments; Upholds ‘head count’ principle for allocation of common expenses

  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2021(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd

ITAT: Deletes TP-adjustment on AMP expenditure for Kellogg India; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2021(Mum)-TP
  • Tax Payer : Kellogg India Private Limited

ITAT: Excludes 4 comparables citing high brand-value, functional-dissimilarity etc for software-development service provider

  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2021(Bang)-TP
  • Tax Payer : SAP LABS India Pvt. Ltd