Updates ( 9016 results )

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ITAT: Deletes TP-adjustment w.r.t field services not covered under India-USA MAP-proceedings; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2020(Mum)-TP
  • Tax Payer : Dresser Rand India Private Limited

ITAT:Holds RPM as MAM for telecom equipment trader providing no value addition; Rejects Revenue’s TNMM

  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2020(Mum)-TP
  • Tax Payer : RFS INDIA TELECOM PVT LTD

ITAT: Annuls assessment-order passed on non-existent merged entity; Follows Maruti Suzuki SC ruling

  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2020(Bang)-TP
  • Tax Payer : Blue Yonder India Private Ltd

ITAT: Deletes TP-adjustment on AE-receivables considering uniform practice of interest non-charging, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2020(DEL)-TP
  • Tax Payer : Barco Electronic Systems (P) Ltd

ITAT: Accepts GP/sales as PLI for software consultancy services; Fixes 0.5 p.a as ALP for various guarantees

  • In Favour of Assessee
  • Citation Number : TS-601-ITAT-2020(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd

ITAT: Prefers TNMM over CUP for indenting-transactions, adopts Berry ratio as PLI; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2020(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd

ITAT: Excludes 3 functionally dissimilar and abnormal profit making comparables for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-599-ITAT-2020(Mum)-TP
  • Tax Payer : Deutche CIB Centre Private Limited

ITAT: Dismisses Revenue’s appeal, confirms exclusion of functionally dissimilar comparables for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-598-ITAT-2020(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd

ITAT: Excludes Persistent Systems, Sasken citing high turnover, intangibles for software developer

  • In Favour of Assessee
  • Citation Number : TS-597-ITAT-2020(HYD)-TP
  • Tax Payer : Syniverse Technologies Service (India) Pvt Ltd (Formerly known as Syniverse Mobile Solutions Pvt. Ltd.)

ITAT:Quashes assessment-order sans draft-order passed pursuant to remand by ITAT; Directs grant of opportunity

  • In Favour of Both, Partially
  • Citation Number : TS-596-ITAT-2020(HYD)-TP
  • Tax Payer : Hyundai Motor India Engineering Pvt Ltd

ITAT: Excludes comparables applying Rs.200 crores turnover-filter for software, ITeS segments; Follows Autodesk-ruling

  • In Favour of Assessee
  • Citation Number : TS-595-ITAT-2020(Bang)-TP
  • Tax Payer : Aptean India Pvt. Ltd

HC: Disposes Revenue’s appeal against ITAT’s order on turnover, RPT filters citing MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-593-HC-2020(KAR)-TP
  • Tax Payer : Yahoo Software Development India Pvt Ltd

ITAT: Excludes 10, Includes 3 as comparables for software-development service provider; Follows LG Soft India ruling

  • In Favour of Both, Partially
  • Citation Number : TS-590-ITAT-2020(Bang)-TP
  • Tax Payer : Synamedia India Pvt Ltd (Earlier known as M/s. Cisco Video Technologies India Pvt. Ltd.)

ITAT: Excludes comparable as ‘persistent loss making’ after exclusion of bad-debts written off

  • In Favour of Both, Partially
  • Citation Number : TS-589-ITAT-2020(Mum)-TP
  • Tax Payer : GCO Technologies Centre Private Limited

ITAT: Excludes 4 comparables citing high turnover; Treats provision for doubtful debts as operating

  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2020(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd

ITAT: Rules on comparables; Rejects DRP’s suo-moto filter application after conclusion of TP-analysis by TPO

  • In Favour of Both, Partially
  • Citation Number : TS-586-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd (earlier known as M/s Broadcom Communications Tech Pvt. Ltd.,)

ITAT: Excludes/Includes comparables for ITeS/BPO services provider; Treats FOREX gain/loss as operating

  • In Favour of Both, Partially
  • Citation Number : TS-585-ITAT-2020(DEL)-TP
  • Tax Payer : Smart Analyst India Pvt Ltd

ITAT: Rejects TPO’s characterisation of Medical BPO service provider as KPO; Rejects 5 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2020(Kol)-TP
  • Tax Payer : Acclaris Business Solutions (P) Ltd

ITAT: Rejects TPO’s CUP application by adopting local non-AE sales to benchmark exports to AE

  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2020(Mum)-TP
  • Tax Payer : Dow Chemical International Pvt Ltd (Prior to amalgamation known as Dow Coming India Pvt Ltd)

ITAT: Allows assesse’s MP; Remands for verification of FAR during APA years and subject years

  • In Favour of Assessee
  • Citation Number : TS-581-ITAT-2020(Bang)-TP
  • Tax Payer : Festo India Pvt Ltd