Updates ( 9016 results )

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ITAT: Excludes HCL, HP Globalsoft citing high RPT, Satyam citing unreliable financials for software developer

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2020(DEL)-TP
  • Tax Payer : Cadence Design Systems (India) Pvt Ltd

ITAT: Includes TCS E- serve for ITeS-provider absent Tata Brand impact evidence; Rejects recharacterization as KPO

  • In Favour of Assessee
  • Citation Number : TS-382-ITAT-2020(DEL)-TP
  • Tax Payer : Smart Cube India Pvt Ltd

ITAT: Remits comparables-selection citing wide range of PLI of comparables selected by TPO

  • In Favour of Both, Partially
  • Citation Number : TS-380-ITAT-2020(HYD)-TP
  • Tax Payer : Vitech Systems Asia Pvt Ltd

ITAT: Adopts USD “LIBOR plus” rate for benchmarking software developer’s outstanding foreign AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2020(HYD)-TP
  • Tax Payer : United Online Software Development (India) Pvt Ltd

ITAT: Holds APA has persuasive value beyond rollback-years absent change in FAR

  • In Favour of Assessee
  • Citation Number : TS-376-ITAT-2020(DEL)-TP
  • Tax Payer : FIS Global Business Solutions India Private Limited

ITAT:Includes 3 comparables for manufacturer, rejecting Revenue’s persistent loss-making plea; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-375-ITAT-2020(Mum)-TP
  • Tax Payer : Cheminova India Limited

ITAT: If comparables excluded on main ground, adjudication of other grounds irrelevant; Dismisses assessee’s MP

  • In Favour of Assessee
  • Citation Number : TS-374-ITAT-2020(Bang)-TP
  • Tax Payer : IZMO Ltd [formerly Logix Microsystems Ltd.]

ITAT: Accepts TNMM as MAM for Lubrizol’s AE-exports benchmarking, applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-373-ITAT-2020(Mum)-TP
  • Tax Payer : Lubrizol India Private Limited

ITAT:Accepts CUP-method for benchmarking Toll Global’s international-transactions; Follows own HC-ruling absent SC-overruling

  • In Favour of Assessee
  • Citation Number : TS-371-ITAT-2020(DEL)-TP
  • Tax Payer : Toll Global Forwarding India Pvt Ltd

ITAT: Rejects negative working capital adjustment for software service provider; Follows IZMO ruling

  • In Favour of Assessee
  • Citation Number : TS-370-ITAT-2020(Bang)-TP
  • Tax Payer : Core One Technologies Pvt Ltd (Formerly M/s. CAPCO IT SERVICES India Pvt. Ltd.)

ITAT: Rejects TPO’s re-characterization of non-binding investment advisory provider as KPO; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-367-ITAT-2020(Mum)-TP
  • Tax Payer : Carlyle India Advisors P Ltd

ITAT: Restricts corporate guarantee ALP at 0.5%; Remits TP-adjustment on AE-loan following precedents

  • In Favour of Both, Partially
  • Citation Number : TS-366-ITAT-2020(Mum)-TP
  • Tax Payer : Laqshya Media Ltd

ITAT: Remits TP-issue whether delayed receivables TP-adjustment get subsumed in working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-365-ITAT-2020(DEL)-TP
  • Tax Payer : iQor India Services Pvt Ltd

ITAT: Rules on comparables; Stresses on functional similarity before considering other parameters/filters

  • In Favour of Both, Partially
  • Citation Number : TS-364-ITAT-2020(DEL)-TP
  • Tax Payer : Motherson Sumi Infotech& Designs Ltd

ITAT:Deletes TP-adjustment made on account of manning services fee; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-363-ITAT-2020(Mum)-TP
  • Tax Payer : Wilhelmsen Ship Management India Pvt Ltd

ITAT: Cannot estimate current year gross-profit using subsequent year margins; Remits sales/ service charges TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-361-ITAT-2020(Mum)-TP
  • Tax Payer : Powernetics Equipments India Pvt Ltd

ITAT: Excludes 8 comparables for assessee rendering BPO-services; Sets 0.5 ALP commission rate for corporate-guarantee

  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2020(Mum)-TP
  • Tax Payer : Teleperformence Global Services Private Limited (Earlier Known as “Intel Global Services Private Limited”)

ITAT: Upholds aggregated-benchmarking for Raw Materials imports, Royalty, Indenting Commission for electronics components manufacturer

  • In Favour of Assessee
  • Citation Number : TS-359-ITAT-2020(Kol)-TP
  • Tax Payer : Epcos India Pvt Ltd

ITAT:No further profit-attributable to PE if Arm’s-length principles followed; Deletes 40(a)(i)-addition

  • In Favour of Both, Partially
  • Citation Number : TS-358-ITAT-2020(DEL)-TP
  • Tax Payer : Honda Cars India Ltd

ITAT: Deletes disallowance made on Star-India’s brand license payments; Follows earlier

  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2020(Mum)-TP
  • Tax Payer : Star India Pvt Ltd