Updates ( 9020 results )

Filters

ITAT: Allows assessee’s MP; Recalls Tribunal-order for adjudicating comparability of ‘Sasken Communication Technologies’

  • In Favour of Assessee
  • Citation Number : TS-1155-ITAT-2019(Bang)-TP
  • Tax Payer : HEWLETT PACKARD INDIA SOFTWARE OPERATION PVT LTD

ITAT: Includes comparable adopting ‘re-casted financial results’ to match with assessee’s year-end

  • In Favour of Assessee
  • Citation Number : TS-1154-ITAT-2019(DEL)-TP
  • Tax Payer : Axis Risk Consulting Services

ITAT: Excludes comparables for software developer, grants working capital adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1153-ITAT-2019(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Pvt Ltd

ITAT:Treats forex gain/loss as operating item; Grants risk-adjustment for business support service-provider

  • In Favour of Assessee
  • Citation Number : TS-1152-ITAT-2019(DEL)-TP
  • Tax Payer : Exxon Mobil Gas (India) Pvt Ltd

ITAT: Rules on comparable-selection; Rejects application of revised filter in set-aside proceedings

  • In Favour of Both, Partially
  • Citation Number : TS-1151-ITAT-2019(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (India) Pvt Ltd

ITAT:Rejects foreign-AE as tested party, allows depreciation adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1150-ITAT-2019(PUN)-TP
  • Tax Payer : Bekaert Industries Private Limited

ITAT: Excludes 4 comparables citing huge turnover, margin fluctuation etc.; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1149-ITAT-2019(Bang)-TP
  • Tax Payer : Micro Focus Software India Pvt Ltd (form erly known as Novell Software Development (India) Pvt.Ltd.)

ITAT: Directs re-examination of evidences; Holds TPO cannot proceed on mere presumptions/ surmises

  • In Favour of Both, Partially
  • Citation Number : TS-1148-ITAT-2019(DEL)-TP
  • Tax Payer : Avery Dennison India Pvt Ltd

ITAT: Directs FAR comparison of subject transactions with APA-covered transactions; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-1147-ITAT-2019(Bang)-TP
  • Tax Payer : Festo India Pvt Ltd

ITAT:‘Pre-press BPO services’ incomparable with assessee’s Infrastructure support IT-services, excludes Universal Print Systems

  • In Favour of Assessee
  • Citation Number : TS-1146-ITAT-2019(PUN)-TP
  • Tax Payer : Compucom CSI Systems India Private Limited

ITAT:Quashes AO’s final order citing deliberate non-compliance of mandatory DRP-directions u/s 144C(10)

  • In Favour of Assessee
  • Citation Number : TS-1145-ITAT-2019(DEL)-TP
  • Tax Payer : Global One India Pvt Ltd

ITAT: Restores MAM selection absent AE/non-AE segmental data to support assessee's internal-TNMM plea

  • In Favour of Both, Partially
  • Citation Number : TS-1144-ITAT-2019(Mum)-TP
  • Tax Payer : S B & T International Ltd

ITAT: Deletes TP-adjustment on AE-receivables & guarantee fees; Excludes 2 comparables in software development segment

  • In Favour of Assessee
  • Citation Number : TS-1143-ITAT-2019(Kol)-TP
  • Tax Payer : Redtech Network India Private Limited

ITAT: Remits 40A(2)(b)-disallowance; Directs assesse to demonstrate administrative support services receipt

  • In Favour of Both, Partially
  • Citation Number : TS-1142-ITAT-2019(PUN)-TP
  • Tax Payer : Yazaki India Private Limited (Formerly known as Tata Yazaki AutoComp Limited)

ITAT: Excludes 7 comparables for software developer following precedent; Remits working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1140-ITAT-2019(Bang)-TP
  • Tax Payer : Mann & Hummel Filter Private Limited

ITAT: Accepts sub-licensed royalty as internal-CUP for benchmarking royalty payment; Rejects Nil-ALP

  • In Favour of Assessee
  • Citation Number : TS-1139-ITAT-2019(Mum)-TP
  • Tax Payer : Nycomed Pharma Pvt Ltd

ITAT: Considers comparables not included by assessee initially; Remits for fresh ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-1138-ITAT-2019(PUN)-TP
  • Tax Payer : Seco Tools India Private Limited

ITAT: Excludes 7 comparables citing functional dissimilarity, retains exclusion of 4 companies having high-turnover

  • In Favour of Assessee
  • Citation Number : TS-1137-ITAT-2019(Mum)-TP
  • Tax Payer : 3DPLM Software Solutions Ltd (Successor to Delmia Solutions Pvt. Ltd.)

ITAT: Entertaining additional-evidence, calling for remand report within DRP’s purview; Follows Vodafone ruling

  • In Favour of Assessee
  • Citation Number : TS-1134-ITAT-2019(DEL)-TP
  • Tax Payer : Zamil Air Conditioners India Pvt Ltd

ITAT: Sets aside DRP-order sans consideration of assessee’s objections against TPO’s comparables selection

  • In Favour of Both, Partially
  • Citation Number : TS-1133-ITAT-2019(DEL)-TP
  • Tax Payer : Rio Tinto India Pvt Ltd