Updates ( 9016 results )

ITAT: Excludes 4 comparables for Software developer citing functional dissimilarity and extraordinary events

  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2020(PUN)-TP
  • Tax Payer : eGain Communications Pvt Ltd

ITAT: Deletes ALP adjustment on royalty payments made to US parent; Upholds CIT(A) order

  • In Favour of Assessee
  • Citation Number : TS-686-ITAT-2020(DEL)-TP
  • Tax Payer : Expeditors International (India) Pvt Ltd

ITAT: Dealing with an issue in a particular manner does not tantamount to non-adjudication; Dismisses assessee s MA

  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2020(Bang)-TP
  • Tax Payer : Abbott Medical Optics Pvt. Ltd

HC: Dismisses assessee s appeal as academic considering subsequent favorable order passed by assessing authority

  • In Favour of Assessee
  • Citation Number : TS-684-HC-2020(KAR)-TP
  • Tax Payer : Toyota Kirloskar Motor(P) LTD

ITAT: Rules on comparables-selection for Software developer and ITES-provider; Treats forex fluctuations as operating

  • In Favour of Both, Partially
  • Citation Number : TS-683-ITAT-2020(Bang)-TP
  • Tax Payer : Inmobi Technologies Pvt Ltd

ITAT: Excludes 4 comparables for software-service provider; Follows Sharp Software Development ruling

  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2020(Bang)-TP
  • Tax Payer : NTT Data Global Delivery Services Pvt Ltd (Formerly Keane India Limited)

ITAT: Admits Software-developer's additional ground on comparables-selection; Remits 2, includes 1 as comparables

  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2020(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd

ITAT: Rejects TPO s treatment of OCD/CCD as Equity Share Capital; Remits interest ALP determination

  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2020(PUN)-TP
  • Tax Payer : Amanora Future Towers Pvt Ltd

ITAT: Treats forex gain as operating; Excludes Infosys BPO, TCS e-Serve for ITES-provider

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2020(Bang)-TP
  • Tax Payer : Fidelity Business Services India Pvt Ltd

ITAT: Deletes TP-adjustment on brokerage commission and brand fees; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-674-ITAT-2020(Mum)-TP
  • Tax Payer : CLSA India Ltd

ITAT: Deletes TP adjustment on freight receipts and expenses; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2020(Mum)-TP
  • Tax Payer : Agility Logistics Private Limited

ITAT: Remits TP-analysis done without appreciating assessee's business model; Follows subsequent AY-order

  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2020(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd

ITAT: Allows assessee s MA, modifies order w.r.t TP issues on AMP-adjustment, functional characterization etc

  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2020(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd

ITAT: Rules on selection of comparables for ITES-provider; Allows +/- 5 range benefit

  • In Favour of Both, Partially
  • Citation Number : TS-668-ITAT-2020(DEL)-TP
  • Tax Payer : Genpact India Private Limited (Earlier known as Empower Research knowledge Services Pvt. Ltd.)

ITAT: Adopts RPM for trading activities without value addition; Rejects aggregated benchmarking under TNMM

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2020(Bang)-TP
  • Tax Payer : Textron India Pvt Ltd

ITAT: Rectification u/s. 154 of AMP-adjustment already decided by ITAT bad-in-law; Allows Nikon s appeal

  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2020(DEL)-TP
  • Tax Payer : Nikon India Pvt Ltd

ITAT: Remits ALP-determination of management group cost to TPO; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-663-ITAT-2020(DEL)-TP
  • Tax Payer : Atotech India Pvt Ltd

ITAT: Remits TP-issues considering remand in earlier years and issue pending before lower authorities

  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2020(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd

HC: Remits AMP adjustment issue for verification of international transaction existence and ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-661-HC-2020(DEL)-TP
  • Tax Payer : YUM RESTAURANTS INDIA PVT LTD

ITAT: Dismisses Revenue s appeal, upholds DRP s rejection of BLT in benchmarking AMP functions

  • In Favour of Assessee
  • Citation Number : TS-659-ITAT-2020(DEL)-TP
  • Tax Payer : Sharp Business Systems (India) Pvt Ltd