Updates ( 9016 results )

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ITAT: Deletes AMP, Royalty adjustments following precedents; Holds TNMM as MAM for exports

  • In Favour of Assessee
  • Citation Number : TS-707-ITAT-2020(Bang)-TP
  • Tax Payer : Himalaya Drug Company

ITAT: Rejects entity level margins comparison under TNMM, directs adoption of segmental profits

  • In Favour of Both, Partially
  • Citation Number : TS-5-ITAT-2021(Bang)-TP
  • Tax Payer : GXS India Technology Centre Pvt Ltd

ITAT: Excludes 3 and Includes one comparable for software-developer; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-4-ITAT-2021(Bang)-TP
  • Tax Payer : Meritor CVS India (P) Ltd

ITAT: Allows working capital adjustment on actual basis; Rules on comparable selection, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-3-ITAT-2021(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd

SC: Dismisses Revenue s SLP on grounds of delay; HC upheld ITAT s comparables selection for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-2-SC-2021-TP
  • Tax Payer : Evalueserve Com Pvt Ltd

ITAT: Rules on comparable selection for Software- developer; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1-ITAT-2021(Bang)-TP
  • Tax Payer : ABB Global Industries & Services Ltd

ITAT: No separate adjustment for overdue receivables from AE if TNMM is MAM

  • In Favour of Assessee
  • Citation Number : TS-705-ITAT-2020(CHNY)-TP
  • Tax Payer : Gimpex Pvt Ltd [Formerly known as GIMPEX Ltd.]

ITAT: Software distributors comparable to distributor of TV channels; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-704-ITAT-2020(Mum)-TP
  • Tax Payer : Sermed Services India Pvt Ltd., Formerly known as Star Den Media Services P. Ltd

ITAT: No further profit attribution to alleged-PE if commission paid is at arm's length

  • In Favour of Assessee
  • Citation Number : TS-703-ITAT-2020(Mum)-TP
  • Tax Payer : NGC Network Asia LLC

ITAT: Includes ICRA Online for assessee s business facilitation services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-704-ITAT-2020(Mum)-TP
  • Tax Payer : Basell Polyolefins India Private Ltd

ITAT: Outstanding receivables from AE, international transaction, to be benchmarked at LIBOR + 200 bps

  • In Favour of Both, Partially
  • Citation Number : TS-702-ITAT-2020(CHNY)-TP
  • Tax Payer : Serviont Global Solutions Ltd

ITAT: Holds outstanding AE-receivables as international transaction, adopts Libor+ for ALP-computation; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-700-ITAT-2020(HYD)-TP
  • Tax Payer : ADP Private Ltd

ITAT: Rules on comparable selection for SWD and market support services segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-699-ITAT-2020(Bang)-TP
  • Tax Payer : VMWARE SOFTWARE INDIA PVT LTD

ITAT: Includes Mubea Suspension as not persistent loss making; Assessee eligible for working-cap adjustment

  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2020(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Private Limited

ITAT: Quashes assessment-order framed on basis of TP-order passed in name of non-existent entity

  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2020(DEL)-TP
  • Tax Payer : VEDANTA LIMITED (Successor to M/s. Cairn India Ltd.)

ITAT: Includes AMP-spend and excludes outward freight for ALP-computation of imports under RPM

  • In Favour of Assessee
  • Citation Number : TS-694-ITAT-2020(DEL)-TP
  • Tax Payer : Michelin India Pvt Ltd (Formerly known as Michelin India Tyres Pvt.Ltd.)

ITAT: Corporate guarantee not an international transaction pre-2012, deletes TP-adjustment thereon

  • In Favour of Assessee
  • Citation Number : TS-693-ITAT-2020(HYD)-TP
  • Tax Payer : Vivimed Labs Limited

ITAT: AO s final-order passed without incorporating DRP's directions, bad in law; Follows Flextronics ruling

  • In Favour of Assessee
  • Citation Number : TS-692-ITAT-2020(Bang)-TP
  • Tax Payer : Xchnging Solutions Limited

ITAT: Excludes 3 comparables for ITES-provider citing functional dissimilarity, outsourcing model; Follow precedents

  • In Favour of Assessee
  • Citation Number : TS-689-ITAT-2020(Mum)-TP
  • Tax Payer : Dimension Data India Limited

ITAT: Deletes TP-adjustment on interest on outstanding-receivables, rules on comparables; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-688-ITAT-2020(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd