Updates ( 9020 results )

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ITAT: Prefers internal-CUP over TNMM for benchmarking back–to–back transactions of vessels hiring

  • In Favour of Revenue
  • Citation Number : TS-1084-ITAT-2019(Mum)-TP
  • Tax Payer : Arkay Logistics Ltd

ITAT:AO’s SDT non-reference to TPO not prejudicial, quashes CIT(A)’s Sec.263-order; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1083-ITAT-2019(Ind)-TP
  • Tax Payer : Delight Cotton Pvt Ltd (Presently known as Delight Lifelike Products Pvt. Ltd.)

ITAT:Deletes Sec 271AA, 271BA-penalties; Belated audit-report filing mere ‘technical’ breach, not contumacious conduct

  • In Favour of Assessee
  • Citation Number : TS-1081-ITAT-2019(DEL)-TP
  • Tax Payer : Juvalia Sales P Ltd

ITAT: Rules on comparables-selection, remits risk adjustment for engineering consultancy service provider

  • In Favour of Both, Partially
  • Citation Number : TS-1080-ITAT-2019(DEL)-TP
  • Tax Payer : Haldor Topsoe India Pvt Ltd

ITAT: Remits TP-adjustments issue; Directs verification of segment-wise computation provided by assessee

  • In Favour of Revenue
  • Citation Number : TS-1079-ITAT-2019(PUN)-TP
  • Tax Payer : Tibco Software India Private Limited

ITAT:Rejects Nil-ALP for administrative, technical training services; Follows EKL Appliances HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1078-ITAT-2019(DEL)-TP
  • Tax Payer : Cargill Global Trading India Pvt Ltd

ITAT:Extended time-limit under Sec 153 third proviso inapplicable absent TPO reference; Quashes assessment

  • In Favour of Assessee
  • Citation Number : TS-1077-ITAT-2019(DEL)-TP
  • Tax Payer : GE Money Financial Services Pvt Ltd (Earlier known as GE Countrywide Consumer Financial Services Ltd.)

HC:Dimisses Revenue's appeal; No further attribution to PE, once ALP satisfied

  • In Favour of Assessee
  • Citation Number : TS-1076-HC-2019(DEL)-TP
  • Tax Payer : HONDA MOTORS CO LTD

ITAT: Accepts assessee’s appeal withdrawal considering resolution of TP-issues under unilateral-APA

  • In Favour of Assessee
  • Citation Number : TS-1075-ITAT-2019(PUN)-TP
  • Tax Payer : Bobst India Private Limited

ITAT: Excludes comparables for marketing and technical support services provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1074-ITAT-2019(DEL)-TP
  • Tax Payer : Polycom [United Kingdom] Ltd

ITAT: Restricts corporate guarantee ALP to 0.53%, follows earlier-order & Glenmark ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1072-ITAT-2019(JPR)-TP
  • Tax Payer : Vaibhav Global Limited

ITAT: Rules on comparables for software developer; Upholds CIT(A)’s grant of working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1071-ITAT-2019(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Private Limited

ITAT: Excludes 3, remits 2 companies for logistics services provider; Remits intra-group services TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1068-ITAT-2019(DEL)-TP
  • Tax Payer : JAS Forwarding Worldwide Pvt Ltd

ITAT: Dismisses Revenue’s appeal; Upholds exclusion of 10 comparables for investment-advisory services provider

  • In Favour of Assessee
  • Citation Number : TS-1067-ITAT-2019(DEL)-TP
  • Tax Payer : TCK Advisors P Ltd

ITAT: Includes comparable finding subsidiary establishment did not impact profitability as standalone results considered

  • In Favour of Assessee
  • Citation Number : TS-1066-ITAT-2019(Mum)-TP
  • Tax Payer : Aramex India Pvt Ltd

ITAT: Rules on comparables; Excludes TCS E-serve, E-clerx citing brand name and high-turnover

  • In Favour of Assessee
  • Citation Number : TS-1065-ITAT-2019(Mum)-TP
  • Tax Payer : SHL India Pvt Ltd

ITAT: Admits assessee’s additional evidence in form of AE-company director’s affidavit, remits ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-1064-ITAT-2019(DEL)-TP
  • Tax Payer : Kamla Dial & Devices Ltd

ITAT:Dismisses Revenue’s appeal against CIT(A)’s rectification order on non-adjudication of ground

  • In Favour of Revenue
  • Citation Number : TS-1063-ITAT-2019(DEL)-TP
  • Tax Payer : Tower Watson India Pvt Ltd (Formerly known as Watson Wyatt India Pvt. Ltd.)

ITAT:Remits idle-capacity adjustment; Directs obtainment of idle-capacity of comparables and industry

  • In Favour of Both, Partially
  • Citation Number : TS-1062-ITAT-2019(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd

HC: Admits Piramal Glass’s appeal challenging TP-adjustments on AE-loans & corporate guarantee

  • In Favour of Both, Partially
  • Citation Number : TS-1061-HC-2019(BOM)-TP
  • Tax Payer : Piramal Glass Limited