Updates ( 9016 results )
ITAT:Remits entire TP-matter back to DRP for passing speaking and reasoned order
- In Favour of Assessee
- Citation Number : TS-224-ITAT-2020(Bang)-TP
- Tax Payer : Puma Sports India Pvt Ltd
ITAT: Excludes 8 comparables for software-development, sales/marketing support segments; Follows Electronic Imaging ruling
- In Favour of Both, Partially
- Citation Number : TS-223-ITAT-2020(Bang)-TP
- Tax Payer : Infinera India Pvt Ltd
ITAT: Retains 2, excludes 1 comparable for non–binding investment advisor; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-222-ITAT-2020(Mum)-TP
- Tax Payer : Clearwater Capital Partners India Pvt Ltd (Earlier known as Altico Capital India Pvt. Ltd.)
ITAT: Excludes 7 comparables for NetScout; Cites unavailability of segmental information, functional dissimilarity etc.
- In Favour of Assessee
- Citation Number : TS-221-ITAT-2020(Bang)-TP
- Tax Payer : Net Scout Systems Software India Private Limited
ITAT: Directs adoption of applicable LIBOR to benchmark interest free AE-loan; Follows Vaibhav Gems
- In Favour of Assessee
- Citation Number : TS-220-ITAT-2020(Ahd)-TP
- Tax Payer : Amol Dicalite Limited
HC: Dismisses Revenue’s appeal against ITAT order on AMP-adjustment; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-218-HC-2020(DEL)-TP
- Tax Payer : Valvoline Cummins Pvt Ltd
ITAT: Deletes Sec.271G-penalty for diamond trader considering sufficient compliance of TP-provisions
- In Favour of Assessee
- Citation Number : TS-217-ITAT-2020(Mum)-TP
- Tax Payer : Decent Dia jewels Pvt Ltd
ITAT: Directs AO to adopt 0.92 as corporate guarantee ALP; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-216-ITAT-2020(HYD)-TP
- Tax Payer : Sutherland Healthcare Solutions Private Limited (Formerly known as Apollo Health Street Ltd
ITAT:Directs fresh comparability analysis adopting RPM as MAM in trading-segment; Follows earlier-orders
- In Favour of Both, Partially
- Citation Number : TS-215-ITAT-2020(Bang)-TP
- Tax Payer : Avnet India Pvt Ltd
ITAT: Excludes Motilal Oswal, ICRA Online for non–binding investment advisory provider citing functional-dissimilarity
- In Favour of Assessee
- Citation Number : TS-213-ITAT-2020(Mum)-TP
- Tax Payer : Khazanah India Advisors Pvt Ltd
ITAT: Interest on outstanding AE-receivables, payables to be considered for ALP-determination; Follows Kony-ruling
- In Favour of Assessee
- Citation Number : TS-212-ITAT-2020(HYD)-TP
- Tax Payer : Satyam Venture Engineering Services Private Limited
ITAT: Excludes comparables for assessee’s system integration division citing functional-dissimilarity, persistent losses
- In Favour of Both, Partially
- Citation Number : TS-211-ITAT-2020(PUN)-TP
- Tax Payer : Honeywell Automation India Limited
ITAT: Excludes 5, remits 1 comparable for software developer, follows precedents; Remits working-capital adjustment
- In Favour of Both, Partially
- Citation Number : TS-210-ITAT-2020(PUN)-TP
- Tax Payer : FIS Solutions (India) Private Limited Formerly known as SunGard Solutions (India) Private Limited
ITAT: Deletes AMP-adjustment, remits selection of foreign-AE as tested party for Nivea India
- In Favour of Both, Partially
- Citation Number : TS-209-ITAT-2020(Mum)-TP
- Tax Payer : Nivea India Private Limited
ITAT: Quashes final assessment order passed sans draft-order in remand proceedings; Follows precedents
- In Favour of Assessee
- Citation Number : TS-208-ITAT-2020(Bang)-TP
- Tax Payer : CISCO Systems Capital (India) Pvt Ltd
ITAT: Deletes 271(1)(c)-penalty; Adjustments arising from comparable-selection, PLI-selection doesn’t tantamount to concealment
- In Favour of Assessee
- Citation Number : TS-207-ITAT-2020(DEL)-TP
- Tax Payer : Tianjin Tianshi India Pvt Ltd
ITAT:Accepts 0.25 corporate guarantee fee charged to AE as ALP; Deletes TP-adjustment
- In Favour of Assessee
- Citation Number : TS-205-ITAT-2020(DEL)-TP
- Tax Payer : SRF Limited
ITAT: Deletes TP-adjustment on intra-group services, outstanding AE-receivables; Rules on comparables
- In Favour of Both, Partially
- Citation Number : TS-204-ITAT-2020(DEL)-TP
- Tax Payer : AT Kearney Ltd – India Branch
ITAT: Deletes TP-adjustment on reimbursement; Deciding whether assessee can incur expenditure, beyond TPO’s domain
- In Favour of Assessee
- Citation Number : TS-203-ITAT-2020(DEL)-TP
- Tax Payer : Marathon Electric India (P) Ltd
ITAT: Dismisses appeal considering TP-adjustment on software services resolved under India-US MAP
- In Favour of Both, Partially
- Citation Number : TS-202-ITAT-2020(Bang)-TP
- Tax Payer : Texas Instruments (India) Private Limited