Updates ( 9020 results )

ITAT: Rejects exclusion of comparable on Merger/Acquisition grounds, absent impact on margins demonstration

  • In Favour of Both, Partially
  • Citation Number : TS-1060-ITAT-2019(DEL)-TP
  • Tax Payer : Giesecke & Devrient India Pvt Ltd

ITAT: Deletes TP-adjustment on technical know-how; Follows ITAT ruling in sister concern’s case

  • In Favour of Assessee
  • Citation Number : TS-1059-ITAT-2019(Mum)-TP
  • Tax Payer : Merck Specialties Pvt Ltd

ITAT:Remits TP-adjustment issue absent TPO-reference contrary to Instruction 3/2003

  • In Favour of Assessee
  • Citation Number : TS-1058-ITAT-2019(Mum)-TP
  • Tax Payer : SkillNet Solutions India Pvt Ltd

ITAT: Excludes 8, includes 3 comparables for software developer; Remits working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1057-ITAT-2019(Kol)-TP
  • Tax Payer : Atlas Healthcare Software India Pvt Ltd

ITAT: Excludes KALS, Persistent, Wipro, Infosys for software-developer citing functional dissimilarity, high turnover, brand

  • In Favour of Assessee
  • Citation Number : TS-1056-ITAT-2019(Mum)-TP
  • Tax Payer : Sybase Software (India) Private Ltd

ITAT: Deletes TP-adjustment on intra-group services, remits royalty adjustment; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-1055-ITAT-2019(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Pvt Ltd

ITAT: Corporate guarantee not international transaction u/s 92B, deletes TP-adjustment; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-1054-ITAT-2019(Kol)-TP
  • Tax Payer : Tega Industries Ltd

ITAT: Upholds TP-adjustment deletion on corporate guarantee, interest on AE-loan; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1052-ITAT-2019(Kol)-TP
  • Tax Payer : Gujarat NRE Coke Ltd

ITAT: Rules on comparables for software-developer; Remits treatment of employee’s stock compensation, service-tax provision

  • In Favour of Both, Partially
  • Citation Number : TS-1051-ITAT-2019(Bang)-TP
  • Tax Payer : Emulex Communications Pvt Ltd

ITAT: Rules on comparables for ITES-provider; Rejects Jindal Intellicom, absent reasonably accurate adjustments

  • In Favour of Both, Partially
  • Citation Number : TS-1050-ITAT-2019(Bang)-TP
  • Tax Payer : Syniverse Technologies Services (India) Pvt Ltd (Formerly known as Syniverse Teledata Systems Pvt.Ltd.)

ITAT: Rules on comparables for channel-owner; Upholds combined net-profit under PSM approach following precedent

  • In Favour of Assessee
  • Citation Number : TS-1049-ITAT-2019(Mum)-TP
  • Tax Payer : Star International Movies Ltd

ITAT: Remits ALP-determination of consultancy fees; Directs submission of additional evidence

  • In Favour of Both, Partially
  • Citation Number : TS-1048-ITAT-2019(Mum)-TP
  • Tax Payer : Pioneer Property Zone Services Ltd

ITAT:Confirms TP-adjustment on sales commission, remits royalty adjustment; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1047-ITAT-2019(DEL)-TP
  • Tax Payer : Johnson Mathey India Pvt Ltd

ITAT: Accepts TNMM for distributor-assessee absent gross-margin data in uncontrolled transactions under RPM

  • In Favour of Both, Partially
  • Citation Number : TS-1046-ITAT-2019(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd

ITAT:Rules on comparables; Remits 3 companies for verification of persistent loss allegation

  • In Favour of Both, Partially
  • Citation Number : TS-1045-ITAT-2019(Kol)-TP
  • Tax Payer : Dongfang Electric (India) Pvt Ltd

ITAT: Deletes TP-adjustment on corporate guarantee, remits AE-loan interest issue; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1044-ITAT-2019(Kol)-TP
  • Tax Payer : Tega Industries Ltd

ITAT:Non-charging of guarantee-commission pursuant to sanctioning bank conditions; Deletes TP-addition

  • In Favour of Assessee
  • Citation Number : TS-1043-ITAT-2019(PUN)-TP
  • Tax Payer : B G Shirke Construction Technology Pvt Ltd (Being the amalgamated Company in which the erstwhile Five Stars Bulkcarries Pvt.

ITAT:Allows assessee’s MP; Rectifies Tribunal-order to categorically exclude Kals, Persistent Systems

  • In Favour of Assessee
  • Citation Number : TS-1042-ITAT-2019(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd

ITAT: Upholds TNMM for benchmarking sale transaction; Holds corporate guarantee, not international transaction

  • In Favour of Assessee
  • Citation Number : TS-1041-ITAT-2019(Kol)-TP
  • Tax Payer : Emami Limited

ITAT: Upholds TP-adjustment deletion in respect of ITC’s management charges; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1040-ITAT-2019(Kol)-TP
  • Tax Payer : ITC Infotech India Ltd