Updates ( 9016 results )

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ITAT: TP provision inapplicable for divestment of shares, deletes TP-adjustment; Follows Bom HC rulings

  • In Favour of Assessee
  • Citation Number : TS-217-ITAT-2021(HYD)-TP
  • Tax Payer : Value Labs LLP

ITAT: Deletes TP-adjustment on export commission and royalty fee; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-214-ITAT-2021(DEL)-TP
  • Tax Payer : Honda Motorcycle & Scooters India Pvt Ltd

ITAT: Rejects SBI PLR to benchmark interest on overseas AE-receivables; Deletes ALP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2021(HYD)-TP
  • Tax Payer : ValueMomentum Software Services Private Limited

ITAT: Holds LIBOR as appropriate interest benchmark for AE-receivables as against TPO's domestic PLR

  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2021(HYD)-TP
  • Tax Payer : Open Text Corporation India Private Limited (formerly known as Cordys Software India Private Limited) vs ITO

ITAT: Directs adoption of 0.92% as corporate-guarantee ALP; Excludes Hartron-Communications for BPO-comparables

  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2021(HYD)-TP
  • Tax Payer : Sutherland Healthcare Solutions Private Limited (Formerly known as Apollo Health Street Ltd

ITAT: Deletes twin TP-adjustment on management fees and interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-208-ITAT-2021(HYD)-TP
  • Tax Payer : Adama India Pvt Ltd

ITAT: Rules on selection of comparables for ITES-provider; Directs verification of third-party transactions for proportionate-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-207-ITAT-2021(DEL)-TP
  • Tax Payer : SBI Business Process Management Services Pvt Ltd

HC: Dismisses Revenue’s appeal on comparables-selection, turnover-filter absent substantial question of law

  • In Favour of Assessee
  • Citation Number : TS-1517-HC-2018(KAR)-TP
  • Tax Payer : McAfee Software (India) Pvt Ltd

ITAT: Declines assessee's stay-of-demand plea on mapping-services TP adjustment ; Grants out-of-turn hearing

  • In Favour of None/NA
  • Citation Number : TS-206-ITAT-2021(DEL)-TP
  • Tax Payer : COWI India Pvt Ltd

ITAT: Holds RPM as MAM for benchmarking import of dental products; Follows Mattel Toys ruling

  • In Favour of Assessee
  • Citation Number : TS-205-ITAT-2021(DEL)-TP
  • Tax Payer : Dentsply India Pvt Ltd

ITAT: Remits TP-adjustment on interest on delayed-receivables; Reverses DRP's enhancement of interest

  • In Favour of Assessee
  • Citation Number : TS-204-ITAT-2021(HYD)-TP
  • Tax Payer : GSS Infotech Limited

ITAT: Includes Thinksoft Global citing data-availability in public domain; Excludes 2 failing forex-sales, turnover-filter

  • In Favour of Both, Partially
  • Citation Number : TS-203-ITAT-2021(PUN)-TP
  • Tax Payer : SAS Research & Development (India) Pvt Ltd

ITAT: Directs deletion of 571.69 cr AMP-adjustment for Pepsico India ; Renders stay-application infructuous

  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2021(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd

ITAT: Deletes TP-adjustment on inventory purchased from AE under bareboat charter agreement

  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2021(Mum)-TP
  • Tax Payer : Greatship (India) Ltd

ITAT: Quashes PCIT’s Sec.263-order against SDT non-reference to TPO; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-771-ITAT-2020(GAU)-TP
  • Tax Payer : Bhartia-SMSIL (JV)

ITAT: Protective TP-adjustment basis BLT unsustainable for AMP expenses; Upholds RPM as MAM for import-transaction

  • In Favour of Assessee
  • Citation Number : TS-193-ITAT-2021(DEL)-TP
  • Tax Payer : Luxottica India Eyewear Pvt Ltd

ITAT: Upholds TP-adjustment on interest on delayed AE-receivables, adopts 12% interest rate

  • In Favour of Revenue
  • Citation Number : TS-194-ITAT-2021(HYD)-TP
  • Tax Payer : HBL Power Systems Limited

ITAT: Allows assessee's Miscellaneous Application w.r.t comparables-selection; Rectifies Tribunal’s order

  • In Favour of Assessee
  • Citation Number : TS-191-ITAT-2021(HYD)-TP
  • Tax Payer : ADP P Ltd

ITAT: Rejects Revenue’s plea; Finds comparability-adjustment made before TPO first, not CIT(A)

  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2021(DEL)-TP
  • Tax Payer : Flextronics Software Systems Ltd

HC: Dismisses Revenue’s appeal against ITAT’s grant of 5% benefit by following earlier HC order

  • In Favour of Assessee
  • Citation Number : TS-188-HC-2021(KAR)-TP
  • Tax Payer : UAE Exchange & Financial Services Limited