Updates ( 9016 results )

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ITAT:Upholds CUP as MAM and TP-adjustment deletion on freight-expenses, applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-481-ITAT-2020(Mum)-TP
  • Tax Payer : Agility Logistics Pvt Ltd

ITAT: Excludes functionally-dissimilar comparables for software developer; Rules on working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-479-ITAT-2020(Bang)-TP
  • Tax Payer : Sabre Travel Technologies Pvt Ltd

ITAT:Excludes 6 comparables applying turnover-filter, citing functional dissimilarity for software R&D provider

  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2020(Bang)-TP
  • Tax Payer : Trident Microsystems India Pvt Ltd

ITAT: Characterizes assessee as captive contract-service provider; Excludes Infosys BPO and TCS e-serve, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-477-ITAT-2020(Bang)-TP
  • Tax Payer : Entco IT Services Pvt Ltd (Formerly known as Interwoven Software Services India Pvt. Ltd.,)

ITAT: Remits TP-adjustment on business restructuring to be decided in light of MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-476-ITAT-2020(DEL)-TP
  • Tax Payer : BT Global Communications India Pvt Ltd

ITAT: Remits MAM-selection to consider subsequent-year APA if FAR similar; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-475-ITAT-2020(DEL)-TP
  • Tax Payer : Springer [India] Pvt Ltd

ITAT: Rejects TPO’s re-characterization of assessee’s distribution activities as service transaction; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-474-ITAT-2020(HYD)-TP
  • Tax Payer : Commvault Systems (India) Private Limited

ITAT: Deletes AMP-adjustment for Kellogg India absent arrangement with AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2020(Mum)-TP
  • Tax Payer : Kellogg India Private Limited

ITAT: Deletes outstanding AE-receivables TP-adjustment considering 90 day delay, acceptable in industry; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2020(HYD)-TP
  • Tax Payer : Value Labs Technologies

ITAT: Adjudicates on comparables for routine software developer; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-471-ITAT-2020(DEL)-TP
  • Tax Payer : Motherson Sumi Infotech Vs. DCIT & Designs Limited

ITAT: Excludes comparables in software development/ marketing & sales support segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2020(Bang)-TP
  • Tax Payer : Microchip Technology (India) Private Ltd

ITAT: Excludes 5 comparables for captive software developer; Follows AMD India ruling

  • In Favour of Assessee
  • Citation Number : TS-467-ITAT-2020(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd (IMS Health Technology Solutions India Pvt Ltd, merged with M/s IMS Health Analytics Servi

ITAT:Remits matter for determination and characterisation of assessee’s functions into KPO or BPO

  • In Favour of Both, Partially
  • Citation Number : TS-465-ITAT-2020(HYD)-TP
  • Tax Payer : Quislex Legal Services Private Limited

ITAT: Rules on outstanding AE-receivables TP-adjustment; Distinguishes Techbooks International on facts

  • In Favour of Assessee
  • Citation Number : TS-464-ITAT-2020(DEL)-TP
  • Tax Payer : Kusum Healthcare Pvt Ltd

ITAT: Stresses on FAR analysis for inclusion/exclusion of comparables, rejects reliance on other decisions

  • In Favour of Assessee
  • Citation Number : TS-463-ITAT-2020(Bang)-TP
  • Tax Payer : CoreOne Technologies India Pvt Ltd (formerly known as M/s CAPCO IT Services India Pvt. Ltd)

ITAT:Deletes TP-adjustment on loan to domestic group entity rejecting Sec.92B(2) invocation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2020(Mum)-TP
  • Tax Payer : Regus Business Centre Private Limited

ITAT: Excludes 5 functionally dissimilar comparables; Remits incorrect margin computation plea

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2020(DEL)-TP
  • Tax Payer : Dassault Systems India Private Ltd

ITAT: Deletes Samsung India’s AMP-adjustment; Rejects Revenue’s treatment of reimbursement as ‘excessive’ AMP

  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2020(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt Ltd

ITAT: Rejects ad-hoc determination of ALP for intra-group services, remits matter

  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2020(Mum)-TP
  • Tax Payer : CLSA India Private Ltd [Formerly known as CLSA India Ltd.]

ITAT:Rejects DRP’s LIBOR adoption to benchmark FCCD denominated in INR; Follows Cotton Naturals

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2020(DEL)-TP
  • Tax Payer : Assotech Moonshine Urban Developers Pvt Ltd