Updates ( 9016 results )

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ITAT: Restricts TP-adjustment to AE-transaction; Remits treatment of IT Support service charges as operating/non-operating

  • In Favour of Both, Partially
  • Citation Number : TS-30-ITAT-2021(PUN)-TP
  • Tax Payer : Knorr Bremse Systems for Commercial Vehicles India Private Limited (“KB India”)

ITAT: Grants working-capital adjustment, remits risk-adjustment; Rules on comparables selection

  • In Favour of Both, Partially
  • Citation Number : TS-25-ITAT-2021(PUN)-TP
  • Tax Payer : BMC Software India Private Limited

ITAT: Deletes Sec.271(1)(c)-penalty since ALP-adjustment deleted in quantum appeal; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-26-ITAT-2021(DEL)-TP
  • Tax Payer : Genpact Infrastructure (Hyderabad) Private Limited

ITAT: Excludes CTR Manufacturing Industries for manufacturing-segment, cites non-availability of segmental information

  • In Favour of Assessee
  • Citation Number : TS-27-ITAT-2021(PUN)-TP
  • Tax Payer : Vishay Components India Private Limited

ITAT: Excludes 2, Includes 1 as comparables for ITeS-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-24-ITAT-2021(PUN)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd

ITAT: PSU engaged in technical consultancy for infrastructure development not comparable to Havells India

  • In Favour of Assessee
  • Citation Number : TS-23-ITAT-2021(DEL)-TP
  • Tax Payer : Havells India Ltd

ITAT: No separate order required for 2 assessees’, if issues considered independently; Dismisses assessee’s-MP

  • In Favour of Both, Partially
  • Citation Number : TS-22-ITAT-2021(Bang)-TP
  • Tax Payer : Ingersoll Rand (India) Ltd

ITAT: Rules on comparables; Holds Accentia Technologies as comparable to BPO service provider

  • In Favour of Both, Partially
  • Citation Number : TS-18-ITAT-2021(DEL)-TP
  • Tax Payer : Serco BPO Pvt Ltd

ITAT: Directs examination of tested-party margins considering assessee’s objections, remits issue

  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2021(DEL)-TP
  • Tax Payer : Sany Heavy Industry India Pvt Ltd

HC: Dismisses Revenue’s appeal against ITAT’s remand of loan syndication fee attribution issue

  • In Favour of Assessee
  • Citation Number : TS-760-HC-2020(BOM)-TP
  • Tax Payer : RBS Financial Services (India) Pvt Ltd

ITAT: Rules on treatment of forex gains and comparables for Software-developer

  • In Favour of Both, Partially
  • Citation Number : TS-14-ITAT-2021(Bang)-TP
  • Tax Payer : CSG Systems International (India) Private Limited

HC: Dismisses Revenue’s appeal challenging comparables exclusion absent substantial question of law

  • In Favour of Assessee
  • Citation Number : TS-13-HC-2021(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt. Ltd

HC: Disposes writ petition filed by the assessee filed against reopening of assessment

  • In Favour of Assessee
  • Citation Number : TS-711-HC-2020(MAD)-TP
  • Tax Payer : PPN Power Generating Company Pvt Ltd

ITAT: Deletes TP-adjustment on management services availed from international & domestic AEs; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2021(Mum)-TP
  • Tax Payer : Henkel Chembond Surface Technologies Limited

ITAT: Remits intra-group services issue for satisfaction of rendition & benefits, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2021(Bang)-TP
  • Tax Payer : Disa India Ltd

HC: Dismisses working-cap & risk adjustments plea absent substantial question of law; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-709-HC-2020(MAD)-TP
  • Tax Payer : Visual Graphics Computing Services (India) Pvt Ltd

ITAT: Issuance of Corporate Guarantee ‘shareholder activity’, follows Micro Ink; Deletes TP adjustment

  • In Favour of Assessee
  • Citation Number : TS-9-ITAT-2021(Ahd)-TP
  • Tax Payer : AIA Engineering Ltd

ITAT: Holds LIBOR+170bps as ALP for AE-loans; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-8-ITAT-2021(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd

ITAT: Rules on comparable selection for ITES-provider citing extraordinary events, functional dissimilarity; follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-6-ITAT-2021(Bang)-TP
  • Tax Payer : Digicaptions India Pvt Ltd

ITAT: Rejects negative working-capital adjustment plea, upholds exclusion of 2 comparables for ITES-provider

  • In Favour of Assessee
  • Citation Number : TS-708-ITAT-2020(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd