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ITAT: Upholds CIT(A)-order quashing final assessment order passed without draft order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2020(Bang)-TP
  • Tax Payer : Tally Solutions Pvt Ltd

ITAT: Grants demand-stay to Sony as impugned AMP-adjustment issue being considered in earlier-AYs

  • In Favour of Assessee
  • Citation Number : TS-654-ITAT-2020(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd

ITAT: Deletes AMP & Royalty adjustments for Himalaya; Adopts TNMM for exports, relies on precedents

  • In Favour of Assessee
  • Citation Number : TS-653-ITAT-2020(Bang)-TP
  • Tax Payer : The Himalaya Drug Company

ITAT: Excludes comparables with high-brand value for BPO-service provider; Treats Forex as operating item

  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2020(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd

ITAT: Rejects Govt. companies as comparables; Deletes interest-adjustment on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-651-ITAT-2020(DEL)-TP
  • Tax Payer : FieldCore Service Solutions International India Pvt Ltd (Erstwhile known as Granite Pvt. Ltd.)

ITAT: Rules on comparables for engineering-design services segment, includes comparables suo-moto rejected by DRP

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2020(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd

ITAT: Excludes 4 comparables citing high turnover, functional dissimilarity, extraordinary events for ITES-provider

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2020(Bang)-TP
  • Tax Payer : Outsource Partners International Pvt Ltd

ITAT: Restricts TP-adjustment on AE-loan to higher of LIBOR and assessee s rate of interest

  • In Favour of Assessee
  • Citation Number : TS-648-ITAT-2020(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd

ITAT:Allows assessee s MP; Rectifies mistakes w.r.t comparables selection and excludes Sasken Communication

  • In Favour of Assessee
  • Citation Number : TS-646-ITAT-2020(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd (Successor-in-interest to Logica Pvt. Ltd.,)

ITAT: Delay in realization of AE-receivable beyond credit-period, indirect funding to AE, upholds TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-645-ITAT-2020(HYD)-TP
  • Tax Payer : Albany Molecular Research Hyderabad Research Center Private Limited

ITAT: Remits selection of tested party, stresses on simplicity of functional profile

  • In Favour of Assessee
  • Citation Number : TS-644-ITAT-2020(DEL)-TP
  • Tax Payer : Minda Furukawa Electric Pvt Ltd

ITAT: Accepts RPM over TNMM as MAM for AE-purchases; Upholds interest-imputation on outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-643-ITAT-2020(Mum)-TP
  • Tax Payer : Commvault Systems (India) Pvt Ltd

ITAT: Permits appeal withdrawal on TP-grounds considering contemplation to settle dispute under VsVS and MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-638-ITAT-2020(DEL)-TP
  • Tax Payer : NTT DATA Global Delivery Services Private

ITAT: Interest on AE-receivables subsumed in working capital adjustment; Deletes TP-adjustment following precedents

  • In Favour of Assessee
  • Citation Number : TS-637-ITAT-2020(HYD)-TP
  • Tax Payer : Hexagon Capability Center India Private Limited

ITAT: Adopts CUP for ITeS rejecting TPO s TNMM; Modification in agreement irrelevant for MAM-selection

  • In Favour of Assessee
  • Citation Number : TS-636-ITAT-2020(HYD)-TP
  • Tax Payer : iMedX Information Services Private Limited

ITAT: Directs AO to not impute interest to outstanding-receivables, applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-635-ITAT-2020(DEL)-TP
  • Tax Payer : Boeing India Pvt Ltd (erstwhile known as Boeing International Corp. India Pvt. Ltd.)

ITAT:Rejects income-attribution considering no DAPE and commission payments at ALP for NR-assessee

  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2020(DEL)-TP
  • Tax Payer : Mitsui & Co Ltd

ITAT: Deletes TP-adjustment on testing, warranty, service charges; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2020(DEL)-TP
  • Tax Payer : Marathon Electric India Pvt Ltd

ITAT: DRP s directions binding on AO, substitutes AO s PLI-computation with that of DRP s

  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2020(PUN)-TP
  • Tax Payer : Netscout Systems India Private Limited

ITAT:Directs assessee to satisfy benefit, rendition tests of intra-group services, Remits Issue for determination of ALP

  • In Favour of Assessee
  • Citation Number : TS-631-ITAT-2020(Bang)-TP
  • Tax Payer : Waters (India) Pvt Ltd