Updates ( 9016 results )
ITAT:Upholds assessee's right to choose between CIT(A), DRP appeal route; Cites Circular 5/2010
- In Favour of Assessee
- Citation Number : TS-332-ITAT-2020(Bang)-TP
- Tax Payer : Mann and Hummel Filter Private Limited
ITAT: Remits TP-adjustment on medical equipments purchase sans evidence; Deletes adjustment on outstanding AE-receivables
- In Favour of Assessee
- Citation Number : TS-331-ITAT-2020(DEL)-TP
- Tax Payer : DHR Holding India Pvt Ltd
ITAT:Rejects re-characterization of entire share application as loan; Holds transaction not sham
- In Favour of Assessee
- Citation Number : TS-330-ITAT-2020(Ahd)-TP
- Tax Payer : Astral Poly Technik Pvt Ltd
ITAT: Determines Corporate Guarantee ALP at 0.5%; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-328-ITAT-2020(Mum)-TP
- Tax Payer : Piramal Enterprises Limited (Formerly known as Piramal Healthcare Limited)
ITAT:Deletes management fee TP-adjustment; Assessee’s profitability increase establishes benefit of AE’s services
- In Favour of Assessee
- Citation Number : TS-325-ITAT-2020(DEL)-TP
- Tax Payer : Michelin India Pvt Ltd (Formerly known as Michelin India Tyres Pvt.Ltd.)
ITAT: Deletes Casio’s AMP-adjustment absent material to demonstrate international transaction existence; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-323-ITAT-2020(DEL)-TP
- Tax Payer : Casio India Company Pvt Ltd
ITAT: Rules on comparables for software-developer, excludes Infosys, Persistent, L&T, Thirdware
- In Favour of Both, Partially
- Citation Number : TS-322-ITAT-2020(Bang)-TP
- Tax Payer : Brocade Communications Systems Private Limited
ITAT: Remits TP-adjustment for Exxon’s lubricant import, re-sale and service fee transactions
- In Favour of Assessee
- Citation Number : TS-321-ITAT-2020(DEL)-TP
- Tax Payer : Exxon Mobil Lubricants P Ltd
ITAT:AO can't disturb Sec.80IC deduction when SDT accepted by TPO as at arm's length
- In Favour of Assessee
- Citation Number : TS-320-ITAT-2020(Mum)-TP
- Tax Payer : Mahindra & Mahindra Limited
ITAT: Rules on comparables for Goldman Sachs, excludes Persistent Systems, L&T Infotech, Infosys
- In Favour of Both, Partially
- Citation Number : TS-318-ITAT-2020(Bang)-TP
- Tax Payer : Goldman Sachs Services Pvt Ltd
ITAT: AO’s corporate guarantee TP-adjustment absent TPO-reference invalid, remits issue; Follows SG Asia SC-ruling
- In Favour of Both, Partially
- Citation Number : TS-317-ITAT-2020(DEL)-TP
- Tax Payer : New Delhi Television Ltd
ITAT: Rejects negative working capital adjustment for captive software developer; Follows Adaptech ruling
- In Favour of Assessee
- Citation Number : TS-315-ITAT-2020(Bang)-TP
- Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]
ITAT: Deletes Gillette's AMP-adjustment; Commercial expediency not Revenue's realm, remits royalty TP-adjustment
- In Favour of Both, Partially
- Citation Number : TS-314-ITAT-2020(JPR)-TP
- Tax Payer : Gillette India Ltd
HC: Dismisses Revenue’s appeal against ITAT-order on comparables; Follows Softbrands, Eight Roads Investment rulings
- In Favour of Assessee
- Citation Number : TS-313-HC-2020(BOM)-TP
- Tax Payer : AGM India Advisors Pvt Ltd
ITAT: Rejects Revenue’s miscellaneous petition against ITAT-order restoring TP-issue to DRP instead of AO
- In Favour of Revenue
- Citation Number : TS-312-ITAT-2020(Bang)-TP
- Tax Payer : Wevin Pvt. Ltd
ITAT:Accepts assessee’s withdrawal of TP-appeal absent Revenue's objection
- In Favour of Assessee
- Citation Number : TS-311-ITAT-2020(CHNY)-TP
- Tax Payer : Madura Coats Private Limited
ITAT: Admits assessee’s additional evidence, remits working-capital adjustment; Excludes 2 comparables
- In Favour of Assessee
- Citation Number : TS-310-ITAT-2020(Kol)-TP
- Tax Payer : Linde Global Support Services Private Limited
ITAT: Holds assessment on non-existent entity post amalgamation unsustainable, non-curable u/s. 292B
- In Favour of Assessee
- Citation Number : TS-307-ITAT-2020(Ahd)-TP
- Tax Payer : Intas Lifesciences Erstwhile known as Intas Pharmaceuticals Since merged with Intas Pharmaceuticals Ltd
ITAT: Remits capacity-utilisation adjustment, directs TPO to seek information u/s. 133(6); Follows IKA India ruling
- In Favour of Assessee
- Citation Number : TS-306-ITAT-2020(Bang)-TP
- Tax Payer : Essentra (India) Pvt Ltd
ITAT:Rules on comparables selection; Excludes TP-addition from book profits computation u/s 115JB
- In Favour of Assessee
- Citation Number : TS-305-ITAT-2020(DEL)-TP
- Tax Payer : Bergen Engines India Pvt Ltd