Updates ( 9020 results )

ITAT: Excludes 2 merchant-banking companies for benchmarking Standard & Poor’s credit-rating support services

  • In Favour of Assessee
  • Citation Number : TS-1-ITAT-2020(DEL)-TP
  • Tax Payer : Standard & Poor’s South Asia Services Pvt Ltd

ITAT: Rules on ALP-determination of management fees; Considers approach in subsequent years APA

  • In Favour of Assessee
  • Citation Number : TS-1221-ITAT-2019(Ahd)-TP
  • Tax Payer : BUNDY INDIA LIMITED

ITAT: Upholds application of Rs.200cr turnover-filter; Rules on comparables-selection for software-development service provider

  • In Favour of Both, Partially
  • Citation Number : TS-1503-ITAT-2018(Bang)-TP
  • Tax Payer : Autodesk India Private Ltd

ITAT: Remits comparable-selection, citing TPO/CIT(A)’s ‘slipshot TP-analysis’ without FAR analysis for automobile AC-parts manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-1220-ITAT-2019(DEL)-TP
  • Tax Payer : Sanden Vikas India Limited

ITAT:Adopts RPM as MAM for assessee’s trading segment; Restricts TP-adjustment to international-transaction

  • In Favour of Assessee
  • Citation Number : TS-1219-ITAT-2019(DEL)-TP
  • Tax Payer : Alcoa India Private Ltd

ITAT: Holds corporate guarantee not international transaction for AY 2011-12; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1218-ITAT-2019(DEL)-TP
  • Tax Payer : Spentex Industries Limited

ITAT:Deletes TP-adjustment on outstanding AE-receivables; Follows Kusum Health Care ruling

  • In Favour of Assessee
  • Citation Number : TS-1217-ITAT-2019(DEL)-TP
  • Tax Payer : Target Sourcing Services India Private Limited

ITAT: Benchmarks interest free foreign AE loans at LIBOR, follows Everest Kento HC ruling

  • In Favour of Assessee
  • Citation Number : TS-1216-ITAT-2019(Mum)-TP
  • Tax Payer : Oriental Aromatics Limited (amalgamated with Camphor and Allied Products Limited. Changed its name to Oriental Aromatics Limited

ITAT:Remits TP-issue for fresh-consideration considering CIT(A)’s ex-parte order sans decision on merits

  • In Favour of Assessee
  • Citation Number : TS-1215-ITAT-2019(DEL)-TP
  • Tax Payer : STRYKER INDIA PRIVATE LIMITED

ITAT: Allows assessee’s-MA; Modifies Tribunal-order w.r.t ALP-determination for sale of carpets, credit period

  • In Favour of Assessee
  • Citation Number : TS-1214-ITAT-2019(JPR)-TP
  • Tax Payer : Jaipur Rugs Co Pvt Ltd

ITAT: Deletes AMP-adjustment for distributor-assessee; Treats subvention amount as operating item

  • In Favour of Assessee
  • Citation Number : TS-1213-ITAT-2019(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals (P) Ltd

ITAT:Quashes Sec.263-order; AO’s SDT non-reference to TPO not erroneous considering Sec 92B(1) omission

  • In Favour of Assessee
  • Citation Number : TS-1212-ITAT-2019(Kol)-TP
  • Tax Payer : AIC Iron Industries Pvt Ltd

ITAT: Upholds Sec 271G penalty deletion for diamond merchant; Follows Leo Schachter ruling

  • In Favour of Assessee
  • Citation Number : TS-1211-ITAT-2019(Mum)-TP
  • Tax Payer : Arjav Diamond India Pvt Ltd

ITAT: Remits ALP-determination of IT, Management Services to consider assessee’s documentary evidences

  • In Favour of Assessee
  • Citation Number : TS-1210-ITAT-2019(Bang)-TP
  • Tax Payer : Incap Contract Manufacturing Services Pvt Ltd

ITAT:Assessee's Indian-agent not PE when remunerated at ALP in terms of APA

  • In Favour of Assessee
  • Citation Number : TS-1209-ITAT-2019(Mum)-TP
  • Tax Payer : CMA CGM SA

ITAT: Rules on comparables for ITES and software-development service provider; Remits working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1208-ITAT-2019(Bang)-TP
  • Tax Payer : EMC Software and Services India Pvt Ltd

HC:Admits appeal against ITAT-order rejecting stay on demand arising from TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1205-HC-2019(DEL)-TP
  • Tax Payer : NYMPHEA DEVELOPERS PVT LTD

HC:Admits Bombardier’s appeal against ITAT-order confirming TP-adjustment on intra-group services

  • In Favour of Both, Partially
  • Citation Number : TS-1204-HC-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt Ltd

ITAT: Rejects TPO’s management fees TP-adjustment by resorting to ad-hoc unilateral pricing

  • In Favour of Assessee
  • Citation Number : TS-1202-ITAT-2019(Mum)-TP
  • Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)

ITAT:Deletes TP-adjustments on AE-loan, share application money, hedging loss; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-1201-ITAT-2019(Mum)-TP
  • Tax Payer : Aries Agro Ltd