Updates ( 9020 results )

Filters

ITAT: Rules on comparable-selection for captive R&D service provider; Disapproves cherry-picking of filters

  • In Favour of Both, Partially
  • Citation Number : TS-1178-ITAT-2019(Bang)-TP
  • Tax Payer : LM Wind Power Blades (India) Pvt Ltd., erstwhile LM Wind Power Technologies (India) PvtLtd

ITAT:Remits TP-adjustment on interest free advances; AO to consider RBI-Circular, Cotton Naturals HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1177-ITAT-2019(DEL)-TP
  • Tax Payer : Jindal Dyechem Industries Pvt Ltd

ITAT:No further profit-attribution to PE when ALP satisfied, follows Morgan-Stanley SC ruling

  • In Favour of Assessee
  • Citation Number : TS-1176-ITAT-2019(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV

ITAT: Deletes TP-adjustment on freight forwarding services absent TPO’s compliance Sec. 92C(3) in rejecting assessee’s internal-TNMM

  • In Favour of Assessee
  • Citation Number : TS-1175-ITAT-2019(Kol)-TP
  • Tax Payer : TKM Global Logistics Limited

ITAT: Excludes 5 comparables for software developer; Holds provisions written-back as operating item

  • In Favour of Assessee
  • Citation Number : TS-1174-ITAT-2019(Bang)-TP
  • Tax Payer : AMD India Private Limited

ITAT:Deletes TP-adjustment on shared-services payments considering AE-support integral to assessee's main business

  • In Favour of Assessee
  • Citation Number : TS-1173-ITAT-2019(Mum)-TP
  • Tax Payer : Ipsos Research Pvt Ltd (in which Synovate India Private Limited has been amalgamated)

ITAT:Accepts assessee’s RPM; Directs TPO to include suitable companies for trading segment

  • In Favour of Assessee
  • Citation Number : TS-1172-ITAT-2019(Bang)-TP
  • Tax Payer : Avnet India Pvt.Ltd

ITAT: Recovery of administrative expenses, part of operating revenue; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1170-ITAT-2019(Bang)-TP
  • Tax Payer : Emerson Automation Solutions Intelligent Platforms Pvt Ltd (Formerly GE Intelligent Platforms Pvt. Ltd., and earlier to that

ITAT: Excludes disallowed “sub-contracting expenses” from operating costs for PLI-computation; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1169-ITAT-2019(Bang)-TP
  • Tax Payer : L3 Communications India Pvt Ltd

ITAT: Rules on interest on AE-receivables, comparables, capacity & working-capital adjustments for software-developer

  • In Favour of Both, Partially
  • Citation Number : TS-1168-ITAT-2019(HYD)-TP
  • Tax Payer : Cambridge Technology Enterprises Ltd

ITAT: Remits ALP-determination finding that assessee’s ‘cost+6 mark-up’ contention wasn’t submitted before CIT(A)

  • In Favour of Both, Partially
  • Citation Number : TS-1167-ITAT-2019(Mum)-TP
  • Tax Payer : Cherokee India Pvt Ltd

ITAT: Allows MP; Rectifies Tribunal's inadvertent mistake in referring to wrong comparable in original-order

  • In Favour of Assessee
  • Citation Number : TS-1165-ITAT-2019(Bang)-TP
  • Tax Payer : Telsima Communications Pvt Ltd

ITAT: SAP implementation services not ‘stewardship activities’; Upholds CIT(A)’s TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-1164-ITAT-2019(Kol)-TP
  • Tax Payer : Wacker Metroark Chemicals Private Limited

ITAT: Rejects negative working-capital adjustment for assessee having high AE-exports; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-1163-ITAT-2019(DEL)-TP
  • Tax Payer : Ocap Chassis Parts Pvt Ltd

ITAT:Remits ALP-determination of technical fees; Directs TPO to consider assessee’s evidences

  • In Favour of Assessee
  • Citation Number : TS-1162-ITAT-2019(Bang)-TP
  • Tax Payer : Meritor HVS (India) Ltd

ITAT:Rejects assessee's cost base enhancement considering FOB-value of goods sourced; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1161-ITAT-2019(DEL)-TP
  • Tax Payer : Mitsubishi Corporation India P Ltd

ITAT: Benchmarks interest-free foreign AE-loans at US LIBOR+170 bps; Relies on earlier order

  • In Favour of Assessee
  • Citation Number : TS-1160-ITAT-2019(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd

SC: Dismisses Revenue’s SLP against HC-order confirming comparable selection citing low-tax effect

  • In Favour of Assessee
  • Citation Number : TS-1158-SC-2019-TP
  • Tax Payer : Evalueserve SEZ (Gurgaon) Pvt Ltd

ITAT: Rules on comparable-selection for software-service and marketing support-service provider

  • In Favour of Both, Partially
  • Citation Number : TS-1157-ITAT-2019(Bang)-TP
  • Tax Payer : Verisign Services India Private Limited

ITAT:Rules on comparables, remits working-capital adjustment for back-office support provider; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1156-ITAT-2019(Mum)-TP
  • Tax Payer : BP India Service Private Limited