Updates ( 9020 results )

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ITAT:Rules on comparables-selection for ITes-provider, Excludes 4 companies citing huge intangibles, functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2020(DEL)-TP
  • Tax Payer : Evalueserve Com Pvt Ltd

ITAT: Remits comparables selection, risk adjustment for software-services; Allows working-capital adjustment on actuals

  • In Favour of Both, Partially
  • Citation Number : TS-62-ITAT-2020(Bang)-TP
  • Tax Payer : NXP India Private Limited

ITAT: Includes Kals Information restricting TPO’s lower turnover-cap to 1 crore for Software Developer

  • In Favour of Both, Partially
  • Citation Number : TS-61-ITAT-2020(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd

ITAT: Excludes comparables citing functional dissimilarity, segmental results unavailability etc. for ITES-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-60-ITAT-2020(Mum)-TP
  • Tax Payer : Swiss Re Services India Private Ltd

ITAT:Rejects interest adjustment post-conversion of loan to share application money; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2020(DEL)-TP
  • Tax Payer : Baba Global Ltd

ITAT:Remits TP-adjustment on inbound/outbound travel related services for fresh adjudication

  • In Favour of Both, Partially
  • Citation Number : TS-58-ITAT-2020(DEL)-TP
  • Tax Payer : Destination of the Worth (Subcontinent) Pvt Ltd

ITAT: Rules on MAM-selection, treatment of subvention income and AMP-adjustment; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2020(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals Pvt Ltd

ITAT: Deletes outstanding AE-receivables TP-adjustment for debt free company; Follows Bechtel HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-56-ITAT-2020(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd

ITAT:Allows assessee's MA; Recalls share-application money re-characterisation issue

  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2020(Mum)-TP
  • Tax Payer : Miranda Tools Pvt Ltd (Earlier known as PMP Auto Components P. Ltd.)

ITAT: Rules on comparable-selection for software development service-provider, cites functional-dissimilarity, extra ordinary events

  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2020(Bang)-TP
  • Tax Payer : Zynga Game Network India Pvt Ltd

ITAT:Remits TP-issue for de-novo adjudication citing cryptic DRP-order

  • In Favour of Both, Partially
  • Citation Number : TS-53-ITAT-2020(DEL)-TP
  • Tax Payer : Yutaka Autoparts India Pvt Ltd

SC:Allows Revenue’s SLP-withdrawal citing low tax effect, against HC-order allowing 5 variation benefit

  • In Favour of Revenue
  • Citation Number : TS-52-SC-2020-TP
  • Tax Payer : UAE Exchange And Financial Service Ltd

ITAT:LIBOR/ERIBOR apt rate for benchmarking foreign currency AE-loan; Deletes TP-adjustment on interest

  • In Favour of Both, Partially
  • Citation Number : TS-51-ITAT-2020(Mum)-TP
  • Tax Payer : Piramal Enterprise Limited (formerly known as Piramal Healthcare Limited)

ITAT: Quashes assessment order as time-barred, holding assessee not ‘eligible’ u/s 144C(15)(b) absent TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2020(Ahd)-TP
  • Tax Payer : Chemoil Adani Pvt Ltd

ITAT: 5 tolerance range applicable even when single rate considered for benchmarking; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-49-ITAT-2020(Mum)-TP
  • Tax Payer : Sonata Software Ltd

ITAT: Dismisses Revenue’s appeal; Upholds CIT(A)-order quashing Tech Mahindra’s reassessment on TP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2020(Mum)-TP
  • Tax Payer : Tech Mahindra Pvt Ltd

ITAT:Rules on comparables for business-support service provider; Rejects loss-making as sole reason for exclusion

  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2020(Mum)-TP
  • Tax Payer : Nov India Pvt Ltd

ITAT: Restores TP-issue for fresh adjudication considering hearing opportunity not given to assessee

  • In Favour of Both, Partially
  • Citation Number : TS-45-ITAT-2020(Mum)-TP
  • Tax Payer : Maari Multi-trading Pvt. Ltd

ITAT: Denies res-judicata principle applicability for different AYs, cites varying FAR analysis for each year

  • In Favour of Both, Partially
  • Citation Number : TS-44-ITAT-2020(Mum)-TP
  • Tax Payer : Roche Diagnostics India Pvt. Ltd

ITAT: Rejects CIT(A)’s adoption of WDV as ALP for benchmarking machinery sale; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-43-ITAT-2020(Ahd)-TP
  • Tax Payer : Panasonic Energy India Co. Ltd