Updates ( 9020 results )

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HC:Grants ad-interim stay on Sec 148-notice considering TP-issue favorably resolved in earlier years

  • In Favour of Both, Partially
  • Citation Number : TS-1131-HC-2019(BOM)-TP
  • Tax Payer : Lintas India Pvt Ltd

ITAT:Remits issue for framing fresh assessment-order u/s. 172(4) after following Sec.144C path; Relies on co-ordinate bench

  • In Favour of Assessee
  • Citation Number : TS-1130-ITAT-2019(Rjt)-TP
  • Tax Payer : ISS Shipping India Pvt Ltd (As Agent for Maersk Tankers Singapore Pte. Ltd. Singapore)

ITAT: SDT non-reference not prejudicial, considering withdrawal of Sec 92B(1) provisions; Quashes Sec 263 order

  • In Favour of Both, Partially
  • Citation Number : TS-1129-ITAT-2019(Ind)-TP
  • Tax Payer : Gaurav Oil Industries

ITAT:Characterizes Microsoft Corporation as low-end marketing support service provider; Excludes 5 comparables

  • In Favour of Assessee
  • Citation Number : TS-1128-ITAT-2019(DEL)-TP
  • Tax Payer : Microsoft Corporation (India) Private Ltd

ITAT: Excludes comparables in shared-services segment, directs correct-margin adoption for 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-1127-ITAT-2019(HYD)-TP
  • Tax Payer : Infor (India) Pvt Ltd (formerly known as Infor Global Solutions (India)

SC: Dismisses Revenue’s SLP against HC-order on comparables, AE-receivables TP-adjustment citing low tax-effect

  • In Favour of Assessee
  • Citation Number : TS-1126-SC-2019-TP
  • Tax Payer : Inductis India Pvt Ltd

ITAT: Excludes 4 comparables for assessee’s software development service segment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1125-ITAT-2019(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd

HC: Confirms ITAT’s comparable-selection absent perversity in finding of facts; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-1124-HC-2019(P & H)-TP
  • Tax Payer : Equant Solutions India Pvt Ltd

ITAT: Prefers CUP over CPM for benchmarking raw material purchased by pharmaceutical manufacturer

  • In Favour of Revenue
  • Citation Number : TS-1123-ITAT-2019(Mum)-TP
  • Tax Payer : Fulford (India) Limited

ITAT: Deletes TP-adjustment on outstanding AE-receivables; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1121-ITAT-2019(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd

ITAT:Deletes concealment penalty w.r.t. TP-adjustment finding ALP computed in accordance with Sec 92C

  • In Favour of Assessee
  • Citation Number : TS-1119-ITAT-2019(Mum)-TP
  • Tax Payer : Sitel India Ltd

ITAT: Directs set-off of advance against receivables for making TP-adjustment on AE-receivables; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-1118-ITAT-2019(HYD)-TP
  • Tax Payer : Kony India Private Limited

HC: Dismisses Revenue’s appeal; Upholds ITAT-order excluding Alphageo citing functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-1117-HC-2019(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd

ITAT:Deletes TP-adjustment on attribution of HO’s income share in invoices raised; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-1116-ITAT-2019(Mum)-TP
  • Tax Payer : DNV GL SE-India Branch

ITAT: Excludes 5 comparables in ITeS, 9 comparables in IT segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1115-ITAT-2019(DEL)-TP
  • Tax Payer : Agilent Technologies (International) Private Limited

ITAT: Remits comparability issue back to CIT(A) for fresh decision; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1114-ITAT-2019(Bang)-TP
  • Tax Payer : IHS Global Private Limited (formerly known as IHS Parts Managements Private Limited)

HC:Adjourns Lintas India’s writ against AO’s reassessment-notice; Grants ad-interim stay

  • In Favour of Both, Partially
  • Citation Number : TS-1112-HC-2019(BOM)-TP
  • Tax Payer : Lintas India Pvt Ltd

HC:Quashes TPO-reference absent AO’s redressal of assessee’s preliminary objections against reassessment

  • In Favour of Assessee
  • Citation Number : TS-1111-HC-2019(KAR)-TP
  • Tax Payer : Essilor India Private Limited

ITAT:Excludes functionally dissimilar E4e Healthcare for technical support service provider; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1110-ITAT-2019(PUN)-TP
  • Tax Payer : Schlumberger India Technology Centre Pvt Ltd (earlier known as Schlumberger Global Support Centre Ltd.)

ITAT:Rules on comparable-selection for stock broking, merchant banking service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1108-ITAT-2019(Mum)-TP
  • Tax Payer : Daiwa Capital Markets India Pvt Ltd