Updates ( 9016 results )
ITAT: Excludes Infosys BPO, a giant company in software-development area; Remits working-capital adjustment
- In Favour of Both, Partially
- Citation Number : TS-189-ITAT-2021(DEL)-TP
- Tax Payer : Dunnhumby IT Services India Pvt Ltd
ITAT: Deletes TP-adjustment on SDT covered under erstwhile Sec 92BA(i); Remits for examination u/s 40A(2)
- In Favour of Assessee
- Citation Number : TS-186-ITAT-2021(Bang)-TP
- Tax Payer : Sobha City
ITAT: Deletes AO's Sec.40A(2) disallowance given ALP of international transaction accepted by TPO
- In Favour of Assessee
- Citation Number : TS-185-ITAT-2021(Bang)-TP
- Tax Payer : Lifestyle International (P) Limited
ITAT: Includes 2 comparables for software-developer; Rejects negative working-capital adjustment for captive-service provider
- In Favour of Assessee
- Citation Number : TS-184-ITAT-2021(Bang)-TP
- Tax Payer : Infineon Technologies India Pvt Ltd
ITAT: Determines ALP of corporate guarantee fee at 0.50%; Follows Manipal Global Education ruling
- In Favour of Assessee
- Citation Number : TS-181-ITAT-2021(Bang)-TP
- Tax Payer : Medreich Limited
ITAT: Remits incorrect margin-computation; Directs AO to dispose rectification application pending since 2014
- In Favour of Both, Partially
- Citation Number : TS-182-ITAT-2021(Bang)-TP
- Tax Payer : Invitrogen Bioservices India Pvt Ltd
ITAT: Confirms DRP’s forex treatment as operating, grants 1% risk-adjustment ; Follows precedents
- In Favour of Assessee
- Citation Number : TS-180-ITAT-2021(Bang)-TP
- Tax Payer : NTT Data Global Delivery Services Pvt Ltd (Formerly Keane India Limited)
ITAT: Rules on selection of comparables, grants risk adjustment; Remits margin-computation dispute
- In Favour of Both, Partially
- Citation Number : TS-183-ITAT-2021(Bang)-TP
- Tax Payer : CISCO Systems (India) Pvt. Ltd.
ITAT: Holds corporate-guarantee as international transaction; Fixes arms' length guarantee-fee at 0.50%
- In Favour of Both, Partially
- Citation Number : TS-179-ITAT-2021(CHNY)-TP
- Tax Payer : Aban Offshore Ltd
ITAT: Remits ALP determination for intragroup-services; Assessee to prove substantiation of service rendition
- In Favour of Assessee
- Citation Number : TS-178-ITAT-2021(CHNY)-TP
- Tax Payer : Control Techniques India Pvt Ltd
ITAT: Deletes TP-adjustment on import of components from AE; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-176-ITAT-2021(DEL)-TP
- Tax Payer : Hero MotoCorp Ltd
ITAT: Dismisses Revenue’s appeal on TP issues citing low-tax effect; Refers to new CBDT Circular 17/2019
- In Favour of Assessee
- Citation Number : TS-177-ITAT-2021(DEL)-TP
- Tax Payer : Accretive Health Services Private Limited
ITAT: Remits characterisation of resident-AE recoveries as deemed international transaction; Deletes interest on foreign-AE receivables
- In Favour of Assessee
- Citation Number : TS-172-ITAT-2021(HYD)-TP
- Tax Payer : M/s ADP Private Ltd
HC: Assessee’s response to show-cause notice within given time, holds assessment-order perverse
- In Favour of Assessee
- Citation Number : TS-170-HC-2021(KER)-TP
- Tax Payer : MANICKAN RAVICHANDRAN
ITAT: Dismisses Revenue’s appeal given revised ROI filed applying APA roll back provisions
- In Favour of Assessee
- Citation Number : TS-173-ITAT-2021(DEL)-TP
- Tax Payer : Knowledge Infrastructure Systems Pvt. Ltd
ITAT: Affirms PBDIT as appropriate PLI and upholds relevance of comparability adjustments
- In Favour of Assessee
- Citation Number : TS-168-ITAT-2021(Ahd)-TP
- Tax Payer : Aerzen Machines (India) Pvt. Ltd.
ITAT: Upholds TNMM over assessee’s CUP for import transactions; Principally allows +/-5% tolerance range
- In Favour of Both, Partially
- Citation Number : TS-169-ITAT-2021(Mum)-TP
- Tax Payer : Bunge India Pvt Ltd
ITAT: Upholds voluntary TP adjustment made by assessee and dismisses negative WC adjustment for captives
- In Favour of Both, Partially
- Citation Number : TS-167-ITAT-2021(Bang)-TP
- Tax Payer : Harman Connected Services Corporation Pvt. Ltd.
ITAT: Upholds assessee’s aggregation of closely-linked transactions; Deletes TP-adjustment on exports
- In Favour of Assessee
- Citation Number : TS-166-ITAT-2021(DEL)-TP
- Tax Payer : SRF Limited
ITAT: Upholds Internal-CUP for benchmarking AE-loans interest, corporate guarantee; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-165-ITAT-2021(Mum)-TP
- Tax Payer : Greatship (India) Ltd