Updates ( 9016 results )

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ITAT: Includes comparable meeting turnover criteria and absent DRP’s comment on functional disparity

  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2020(Mum)-TP
  • Tax Payer : Schindler India Private Limtied

ITAT: Excludes Ladderup, Motilal Oswal for non-binding investment advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2020(Mum)-TP
  • Tax Payer : Kitara Capital Pvt. Ltd

ITAT: Assessment on non-existing amalgamated entity voi-ab-initio & unsustainable; Follows Maruti Suzuki SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2020(Mum)-TP
  • Tax Payer : Siemens Limited (Successor in Interest to Siemens VIA Metals Technologies Private Limited)

ITAT: Rejects Nil-ALP for services provided by AE; Disallowance u/s.37 beyond TPO's jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2020(DEL)-TP
  • Tax Payer : Motorola Mobility Chennai Pvt Ltd

ITAT: Rules on comparables selection for software developer; Treats FOREX as operating item

  • In Favour of Both, Partially
  • Citation Number : TS-147-ITAT-2020(Bang)-TP
  • Tax Payer : BrocadeCommunications Systems Pvt Ltd

ITAT: Deletes TP-adjustment towards interest on receivables for debt-free assessee; Follows Bechtel HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-146-ITAT-2020(DEL)-TP
  • Tax Payer : VOSSLOH BEEKAY CASTINGS LTD

ITAT: Excludes comparables citing functional dissimilarity, outsourcing of work, extraordinary event for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-145-ITAT-2020(Mum)-TP
  • Tax Payer : Travelex India Private Limited

ITAT:Admits additional evidence; Remits TP-adjustment on account of cost reimbursement

  • In Favour of Assessee
  • Citation Number : TS-144-ITAT-2020(Mum)-TP
  • Tax Payer : Kodak India Pvt Ltd (Formerly Kodak India Ltd.)

ITAT: Confirms interest-adjustment on OFCDs at LIBOR+ spread; Fixes corporate guarantee ALP at 1%

  • In Favour of Both, Partially
  • Citation Number : TS-142-ITAT-2020(CHNY)-TP
  • Tax Payer : Siva Ventures Ltd (Now Merged with M/s.Siva Industries & Holdings Ltd.)

ITAT: MPS Ltd’s high end KPO activities incomparable to assessee’s BPO services; Excludes comparable

  • In Favour of Assessee
  • Citation Number : TS-141-ITAT-2020(PUN)-TP
  • Tax Payer : Symantec Software India Private Limited

ITAT: Excludes 8 comparables citing high turnover, functional dissimilarity for software developer

  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2020(Bang)-TP
  • Tax Payer : Mformation Software Technologies (I) Pvt Ltd

ITAT: Upholds CIT(A)’s adoption of internal TNMM; Excludes 3 comparables for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-139-ITAT-2020(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd

ITAT: Upholds internal-TNMM for purchase transactions; Deletes TP-adjustment on corporate support services payments

  • In Favour of Assessee
  • Citation Number : TS-138-ITAT-2020(PUN)-TP
  • Tax Payer : Eaton Fluid Power Limited

ITAT: Remits issue of selection of MAM and ALP-determination for advisory-services, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-137-ITAT-2020(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Private Limited

ITAT: Upholds deletion of Acer India’s AMP-adjustment; Follows subsequent year order

  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2020(Bang)-TP
  • Tax Payer : Acer India Pvt Ltd

ITAT: Remits management fees TP-adjustment to consider applicability of subsequent year APA

  • In Favour of Both, Partially
  • Citation Number : TS-135-ITAT-2020(PUN)-TP
  • Tax Payer : Cummins India Limited

ITAT:Remits comparables; Directs TPO to consistently apply forex income filter

  • In Favour of Both, Partially
  • Citation Number : TS-134-ITAT-2020(Bang)-TP
  • Tax Payer : Kintetsu World Express (India) Private Limited

ITAT: Excludes 2 high turnover comparables for software developer; Follows Nielsen, Genisys rulings

  • In Favour of Assessee
  • Citation Number : TS-133-ITAT-2020(Bang)-TP
  • Tax Payer : Ametek Instruments India Pvt Ltd

ITAT: Upholds deletion of notional interest on export receivables; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2020(Mum)-TP
  • Tax Payer : WNS Global Services Pvt Ltd

ITAT: AO’s SDT non-reference to TPO not erroneous/prejudicial; Quashes revision order citing Sec 92BA(i)-withdrawal

  • In Favour of Assessee
  • Citation Number : TS-130-ITAT-2020(Kol)-TP
  • Tax Payer : Kritika Wires Ltd