Updates ( 9016 results )
ITAT: Vacates TP-adjustment in respect of royalty payments, intra-group services; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-78-ITAT-2021(Mum)-TP
- Tax Payer : Dow Agrosciences India Pvt Ltd
ITAT: Allows assessee’s MA; Excludes Acropetal Technologies for ITeS segment
- In Favour of Assessee
- Citation Number : TS-77-ITAT-2021(Bang)-TP
- Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd (Successor-in-interest to Logica Pvt. Ltd.,)
ITAT: Holds AE-loans, corporate guarantee as international transactions, upholds TP-adjustments
- In Favour of Revenue
- Citation Number : TS-73-ITAT-2021(Mum)-TP
- Tax Payer : Rosy Blue (India) Pvt. Ltd
ITAT: Deletes TP-adjustments on share application money, interest free optionally-convertible loan; Follows earlier-orders
- In Favour of Assessee
- Citation Number : TS-68-ITAT-2021(Mum)-TP
- Tax Payer : Reliance Life Sciences Pvt Ltd
ITAT: Vacates TP-adjustment w.r.t interest on delayed export proceeds receivables; Follows Dania Oro ruling
- In Favour of Assessee
- Citation Number : TS-70-ITAT-2021(Mum)-TP
- Tax Payer : Lily Jewellery Pvt. Ltd
ITAT: Allows assessee’s-MA; Directs TPO to determine delayed-receivables ALP considering 30 days grace period
- In Favour of Assessee
- Citation Number : TS-72-ITAT-2021(HYD)-TP
- Tax Payer : United Online Software Development (India) Private Limited
ITAT: Remits TP-adjustment of services from AE in light of ITAT-observations for earlier-AY
- In Favour of Both, Partially
- Citation Number : TS-67-ITAT-2021(PUN)-TP
- Tax Payer : Eaton Power Quality Private Limited
ITAT: Restricts TP-adjustment to international transaction; Explains PLI-adoption under combined TNMM approach
- In Favour of Assessee
- Citation Number : TS-69-ITAT-2021(PUN)-TP
- Tax Payer : Minda Rinder Private Limited
ITAT: Corporate-guarantee, 'not international transaction', deletes TP-adjustment; Distinguishes National Engineering ruling
- In Favour of Assessee
- Citation Number : TS-63-ITAT-2021(Kol)-TP
- Tax Payer : IFGL Refractories Ltd
ITAT: Existence of DAPE tax neutral as long as agent remunerated at arm’s length
- In Favour of Assessee
- Citation Number : TS-65-ITAT-2021(Mum)-TP
- Tax Payer : Asia TV (UK) Ltd
ITAT: Remits AMP-adjustment, directs establishment of international transaction, separation of royalty payments
- In Favour of Assessee
- Citation Number : TS-62-ITAT-2021(Bang)-TP
- Tax Payer : Kontoor Brands India Pvt Ltd
ITAT: Remits TP-adjustment in respect of notional-interest on delayed AE-receivables; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-60-ITAT-2021(DEL)-TP
- Tax Payer : Gillette Diversified Operations Pvt Ltd
ITAT: Excludes 3 comparables for ITES-provider; Remits capacity-underutilization adjustment
- In Favour of Assessee
- Citation Number : TS-61-ITAT-2021(DEL)-TP
- Tax Payer : Evalueserve SEZ (Gurgaon) Pvt Ltd
ITAT: Excludes 7 comparables applying upper turnover filter, grants working-capital adjustment; Follows precedents
- In Favour of Assessee
- Citation Number : TS-57-ITAT-2021(Bang)-TP
- Tax Payer : VeriFone India Technology Pvt Ltd
ITAT: Excludes 6 comparables applying turnover filter 1cr-200cr for software developer; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-59-ITAT-2021(Bang)-TP
- Tax Payer : Trilogy E-Business Software India Private Ltd.
ITAT: Quashes reassessment based on earlier order considering no failure of disclosure by assessee
- In Favour of Assessee
- Citation Number : TS-58-ITAT-2021(Bang)-TP
- Tax Payer : Nike India Private Limited
ITAT: Holds CPM over TNMM as most appropriate method for trading segment; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-55-ITAT-2021(Bang)-TP
- Tax Payer : A. O. Smith India Water Heating Pvt. Ltd
ITAT: Dismisses Revenue's appeal; Confirms CIT(A)’s AE's ALP-margin determination at 6% for marketing functions
- In Favour of Assessee
- Citation Number : TS-56-ITAT-2021(Mum)-TP
- Tax Payer : Sitel India Ltd
ITAT: Allows assessee’s MA; Adjudicates & allows ground seeking adoption of correct margins for comparable
- In Favour of Assessee
- Citation Number : TS-54-ITAT-2021(Mum)-TP
- Tax Payer : Banc Tec TPS India Pvt Ltd
ITAT: Restricts TP-adjustment to international-transactions with overseas AE; Relies on Firestone International HC ruling
- In Favour of Both, Partially
- Citation Number : TS-53-ITAT-2021(HYD)-TP
- Tax Payer : Seaways Shipping and Logistics Ltd