Updates ( 9016 results )

ITAT: Dismisses assessee’s appeal on TP issues in light of MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-243-ITAT-2021(Bang)-TP
  • Tax Payer : Yaskawa India Pvt Ltd

ITAT: Rejects DRP’s suo-moto application of on-site revenue filter; Includes RS Software Ltd

  • In Favour of Assessee
  • Citation Number : TS-242-ITAT-2021(Bang)-TP
  • Tax Payer : Radisys India Pvt Ltd

ITAT: Excludes companies citing unavailability of P&L Account, segmental details, functional-dissimilarity and controlled-transactions

  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2021(DEL)-TP
  • Tax Payer : SAIC India Private Limited

ITAT: Remits comparability of Skil Infrastructure Ltd qua RPT filter of 25%

  • In Favour of Both, Partially
  • Citation Number : TS-240-ITAT-2021(DEL)-TP
  • Tax Payer : Linde engineering India private limited

ITAT: Disallowance of expenses cannot be equated to ALP adjustment, deletes TP-adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-238-ITAT-2021(Mum)-TP
  • Tax Payer : Hamon Cooling Systems

ITAT: Deletes TP-adjustment for Intra-group-services; Services not in the nature of shareholder/stewardship activities

  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2021(DEL)-TP
  • Tax Payer : Danisco India Pvt Ltd

ITAT: Remits TP-adjustments w.r.t interest on overdue debtors, working-capital; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-236-ITAT-2021(Mum)-TP
  • Tax Payer : Atos India Pvt. Ltd.

ITAT: Reference to AO/TPO u/s 92CA bad in law for SDT covered under erstwhile 92BA(i); Follows Texport ruling

  • In Favour of Assessee
  • Citation Number : TS-234-ITAT-2021(DEL)-TP
  • Tax Payer : SMR Automotive Systems India Ltd

ITAT: Prefers TNMM over TPO’s ‘other method’ absent TPO's justification to reject five prescribed methods

  • In Favour of Assessee
  • Citation Number : TS-235-ITAT-2021(DEL)-TP
  • Tax Payer : Sabic India Private Limited

ITAT: Upholds CIT(A)’s action of quashing final assessment order passed without draft order

  • In Favour of Assessee
  • Citation Number : TS-232-ITAT-2021(DEL)-TP
  • Tax Payer : Rolls-Royce India Pvt Ltd

ITAT: Excludes Government-company as comparable; Remits capacity utilization adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-231-ITAT-2021(PUN)-TP
  • Tax Payer : Hyundai Construction Equipment India Pvt Ltd

ITAT: Deletes Sec.271G-penalty absent specific information requisition in notice; Non-filing before AO mere technical-glitch

  • In Favour of Assessee
  • Citation Number : TS-230-ITAT-2021(PUN)-TP
  • Tax Payer : Francois Compressors India Pvt. Ltd

ITAT: Deletes TP-adjustment on payment of Management-fee; Condones 177 days delay in filing appeal

  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2021(PUN)-TP
  • Tax Payer : Spicer India Private Limited

ITAT: Directs treatment of bad-debts provision as non-operating expenditure for PLI computation; Remits computation

  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2021(PUN)-TP
  • Tax Payer : Honeywell Automation India Limited

ITAT: Deletes AMP-adjustment made on substantive and protective basis absent existence of international-transaction; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2021(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD

ITAT: Rules on selection of comparables for investment-advisory-services; Refrains opinion on assessee’s APA

  • In Favour of Assessee
  • Citation Number : TS-223-ITAT-2021(Mum)-TP
  • Tax Payer : Standard Chartered Private Equity Advisory India Private Limited

ITAT: Accepts assessee’s CUP over TPO’s TNMM for benchmarking subcontracting services

  • In Favour of Assessee
  • Citation Number : TS-225-ITAT-2021(DDN)-TP
  • Tax Payer : Schlumberger Solutions Pvt Ltd

ITAT: Applies rule of consistency, holds RPM as MAM over TPO’s TNMM for benchmarking export of socks

  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2021(Mum)-TP
  • Tax Payer : Renfro India Pvt. Ltd

ITAT: Deletes Sec.271(1)(c) penalty owing to corresponding deletion of TP adjustments in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-221-ITAT-2021(SUR)-TP
  • Tax Payer : Bialkhia Holdings Pvt Ltd

ITAT: Rules on selection of comparables for marketing support services and ITES segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-216-ITAT-2021(DEL)-TP
  • Tax Payer : Honeywell International (India) Private Limited