Updates ( 9016 results )

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ITAT: Upholds AMP-adjustment deletion absent agreement for AE’s brand promotion; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-356-ITAT-2020(Mum)-TP
  • Tax Payer : General Mills India Pvt Ltd

ITAT: Holds distribution-fees not royalty and software distributors as comparables for channel distributor

  • In Favour of Assessee
  • Citation Number : TS-355-ITAT-2020(Mum)-TP
  • Tax Payer : Sony Pictures Networks India Pvt Ltd

ITAT: Allows working-capital adjustment following Huawei Technologies ruling; Rules on comparables for software-developer

  • In Favour of Both, Partially
  • Citation Number : TS-351-ITAT-2020(Bang)-TP
  • Tax Payer : Nagravision India Pvt Ltd

ITAT: Confirms export packing-credit interest rate adoption for benchmarking outstanding AE-receivables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-350-ITAT-2020(Mum)-TP
  • Tax Payer : Mahindra & Mahindra Ltd

ITAT: Deletes notional interest on delayed AE-receivables finding no interest charged to non-AEs

  • In Favour of Assessee
  • Citation Number : TS-349-ITAT-2020(Mum)-TP
  • Tax Payer : Dania Oro Jewellery Pvt Ltd

ITAT:Deletes Sec 271AA, 271BA penalty following TP-adjustment deletion in quantum appeal absent AE-relationship

  • In Favour of Assessee
  • Citation Number : TS-348-ITAT-2020(Mum)-TP
  • Tax Payer : Kaybee Private Limited

ITAT:Determines 15 of gross receipts as profits attributable to PE; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-347-ITAT-2020(Mum)-TP
  • Tax Payer : Sabre Asia Pacific Pte Ltd (Earlier Known as M/s Abacus International Pte Ltd.

ITAT: Deletes outstanding AE-receivables TP-adjustment; Follows Kusum Healthcare, Global Logic India rulings

  • In Favour of Assessee
  • Citation Number : TS-346-ITAT-2020(HYD)-TP
  • Tax Payer : ValueLabs (Previously known as ValueLabs)

ITAT:Rejects Nil-ALP determination for intra-group services, deletes AMP-adjustment applying rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-345-ITAT-2020(Kol)-TP
  • Tax Payer : Philips India Limited

ITAT: Permits assessee’s appeal withdrawal citing resolution of TP-issues under Unilateral, Bilateral APAs

  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2020(Bang)-TP
  • Tax Payer : Novo Nordisk India Pvt Ltd

ITAT: Rules on comparables; Rejects DRP’s inconsistent approach while benchmarking technical service fees

  • In Favour of Both, Partially
  • Citation Number : TS-343-ITAT-2020(DEL)-TP
  • Tax Payer : Ariba India Private Limited

ITAT: Confirms deletion of notional interest adjustment on treatment of share application money as loan

  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2020(Mum)-TP
  • Tax Payer : Voltas Limited

ITAT: Rules on comparables for software-service provider; Accepts TPO’s negative working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-341-ITAT-2020(Bang)-TP
  • Tax Payer : Kodiak Networks India Pvt Ltd

ITAT: Accepts assessee’s RPM over TPO’s TNMM as MAM for imports by distributor; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-340-ITAT-2020(DEL)-TP
  • Tax Payer : Topcon Sokkia India Pvt Ltd

ITAT: Quashes assessment order framed on non-existent Satyam Computer post Tech-Mahindra merger; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2020(Mum)-TP
  • Tax Payer : Satyam Computer Services limited (Now merged with Tech Mahindra ltd.)

ITAT: Excludes 3 comparables; Deletes notional interest on outstanding AE-receivables for debt-free company

  • In Favour of Assessee
  • Citation Number : TS-338-ITAT-2020(DEL)-TP
  • Tax Payer : Global Logic India Ltd

ITAT: Adopts LIBOR+200bps as interest ALP for AE-loan, 0.5% as corporate guarantee ALP; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2020(Mum)-TP
  • Tax Payer : Piramal Glass Private Limited (Earlier Known as Piramal Glass Ltd)

ITAT:Quashes revisionary jurisdiction against TPO non-reference citing sec.92BA-inapplicability on sales to sister-concern

  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2020(Ahd)-TP
  • Tax Payer : Ashish Subodhchandra Shah (HUF)

ITAT: Quashes assessment as time-barred; Extended Sec 153 time limit inapplicable sans TPO-reference

  • In Favour of Assessee
  • Citation Number : TS-334-ITAT-2020(DEL)-TP
  • Tax Payer : Stefanini India Pvt Ltd (Formerly known as Codex Software Pvt. Ltd

ITAT: Excludes 2 comparables citing functional dissimilarity, fluctuating profit margins for BPO service-provider

  • In Favour of Assessee
  • Citation Number : TS-333-ITAT-2020(Mum)-TP
  • Tax Payer : Banc Tec TPS India Pvt Ltd