Updates ( 9016 results )

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ITAT: Directs TPO to determine ALP of intra-group services; Assessee to satisfy rendition, benefit tests

  • In Favour of Assessee
  • Citation Number : TS-630-ITAT-2020(Bang)-TP
  • Tax Payer : Disa India Ltd

ITAT: Comparable cannot be rejected merely on different-FY ground, remits issue; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-628-ITAT-2020(DEL)-TP
  • Tax Payer : Transcend India Pvt Ltd (formerly known as Spryance (India) Pvt. Ltd.)

ITAT:Quashes AO s order giving effect to Tribunal-order passed sans draft-order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-627-ITAT-2020(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd

ITAT: Excludes 4 and includes 8 comparables, grants working-capital adjustment for Software-Developer; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-626-ITAT-2020(Bang)-TP
  • Tax Payer : ARM Embedded Technologies Pvt Ltd

ITAT: Excludes Infosys Technologies, Wipro Ltd, Persistent Systems citing huge turnover, brand value etc

  • In Favour of Assessee
  • Citation Number : TS-625-ITAT-2020(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd

ITAT:Accepts assessee s internal-CUP over TPO s TNMM for benchmarking purchase/sale transactions; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-624-ITAT-2020(VIZ)-TP
  • Tax Payer : Teejay India Pvt Ltd (Formerly known as Ocean India Pvt. Ltd.)

ITAT: Remits TP-adjustments in respect of purchase of fixed assets owing to insufficient evidences

  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2020(DEL)-TP
  • Tax Payer : Denso India Pvt Ltd

ITAT:Directs adoption of ALP for management fees as determined under APA for subsequent years

  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2020(Kol)-TP
  • Tax Payer : Cookson India Pvt Ltd

ITAT:Deletes penalty levied basis TP-adjustment absent specific charge mention in notice u/s.274

  • In Favour of Assessee
  • Citation Number : TS-619-ITAT-2020(DEL)-TP
  • Tax Payer : Chegg India (P) Ltd

ITAT: Rules on comparables, remits treatment of provision for doubtful-debts and notional interest

  • In Favour of Both, Partially
  • Citation Number : TS-618-ITAT-2020(Bang)-TP
  • Tax Payer : Blue Coat Network (India) Private Limited

ITAT: TP-adjustment on fixed-asset purchase impacts actual cost for purpose of depreciation claim

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2020(DEL)-TP
  • Tax Payer : Roki Minda Co Pvt Ltd

HC:Dismisses writ petition as withdrawn considering assessee s statutory appeal filing plea

  • In Favour of Assessee
  • Citation Number : TS-616-HC-2020(MAD)-TP
  • Tax Payer : Virtusa Consulting Services Private Limited

HC:Directs ITAT to adjudicate on MAM for assessee s exports; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-615-HC-2020(MAD)-TP
  • Tax Payer : Madura Coats Private Ltd

ITAT: Holds assessee eligible for Sec.10AA deduction on voluntary TP-adjustment; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2020(Bang)-TP
  • Tax Payer : EYGBS (India) LLP (Earlier known as EYGBS (India) Pvt.Ltd.)

ITAT:Excludes 12 comparables for Software-development, Marketing-Support Services segments, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-613-ITAT-2020(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd

ITAT:Allows assessee’s M.A.; Restricts TP-adjustment on assessee’s distribution activity to international transactions with AEs

  • In Favour of Assessee
  • Citation Number : TS-612-ITAT-2020(HYD)-TP
  • Tax Payer : Commvault Systems India (P) Ltd

ITAT: TP-adjustment on outstanding AE-receivables amounts to ‘double addition’ when working-capital adjustment provided

  • In Favour of Both, Partially
  • Citation Number : TS-611-ITAT-2020(DEL)-TP
  • Tax Payer : Bertelsmann Marketing Services India Pvt Ltd

ITAT: Permits assessee to withdraw appeal on TP-grounds considering contemplation to settle dispute under VsVS

  • In Favour of Assessee
  • Citation Number : TS-610-ITAT-2020(DEL)-TP
  • Tax Payer : NTT DATA Global Delivery Services Pvt Ltd [Formerly known as Keane India Ltd. Unitech Trade Centre]

ITAT: 'TPO’ u/s. 92CA includes JCIT & Addl. commissioner; Upholds validity of TP-order

  • In Favour of Assessee
  • Citation Number : TS-608-ITAT-2020(DEL)-TP
  • Tax Payer : Transcend MT Services Pvt Ltd (formerly known as Heartland Information and Consultancy Services Pvt Ltd)

ITAT:Excludes 13 comparables and includes 1 for ITeS and software-development services segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2020(DEL)-TP
  • Tax Payer : Steria India Pvt Ltd