Updates ( 9020 results )

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ITAT: Rules on comparables selection for ITeS provider; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1039-ITAT-2019(CHNY)-TP
  • Tax Payer : CMA CGM Shared Service Centre (India) Pvt Ltd

ITAT:Quashes Sec 263-order disallowing interest, exchange difference recasting AE-loan absent hearing opportunity

  • In Favour of Assessee
  • Citation Number : TS-1038-ITAT-2019(Mum)-TP
  • Tax Payer : The Tata Power Co Ltd

ITAT: Deletes TP-adjustments on AMP-expense, research & training; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-1037-ITAT-2019(Kol)-TP
  • Tax Payer : Akzo Nobel India Limited

ITAT: Excludes 12 comparables for software-developer; Remits royalty benchmarking issue following earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1036-ITAT-2019(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd (formerly known as American Power Conversion (I) Pvt.Ltd.,)

ITAT: Treats export incentives as operating income, follows Welspun ruling; Remits comparable selection issue

  • In Favour of Both, Partially
  • Citation Number : TS-1035-ITAT-2019(Bang)-TP
  • Tax Payer : Reitzel India Pvt Ltd

ITAT:Quashes assessment made on non-existent amalgamating entity; Follows Maruti Suzuki SC ruling

  • In Favour of Assessee
  • Citation Number : TS-1033-ITAT-2019(Mum)-TP
  • Tax Payer : Siemens Power Engineering Pvt Ltd (now merged with M/s. Siemens Limited)

HC: Confirms TP-adjustments deletion of corporate-guarantee and interest on loan; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1032-HC-2019(BOM)-TP
  • Tax Payer : Everest Kanto Cylinder Ltd

ITAT: Excludes 2 comparables citing high turnover, brand value and functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-1031-ITAT-2019(Mum)-TP
  • Tax Payer : M Modal Global Services Private Ltd (Formerly known as CBay System (India) Pvt. Ltd.)

ITAT: Rules on comparables-selection for software development & marketing support services provider; Remits AMP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1028-ITAT-2019(DEL)-TP
  • Tax Payer : Motorola Solutions India Pvt Ltd (Formerly known as Motorola India Pvt. Ltd.)

ITAT:Allows deduction of 'washout charges' for cancellation of extended AE-contract; Rejects Nil-ALP

  • In Favour of Assessee
  • Citation Number : TS-1027-ITAT-2019(DEL)-TP
  • Tax Payer : Louis Dreyfus Commodities India Pvt Ltd

ITAT:Rules on comparable selection for marketing support service provider; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1026-ITAT-2019(DEL)-TP
  • Tax Payer : Rolls Royce India Pvt Ltd

ITAT: Excludes 6 comparables applying Rs.1-200cr turnover filter; Follows Genesis ruling

  • In Favour of Assessee
  • Citation Number : TS-1025-ITAT-2019(Bang)-TP
  • Tax Payer : Yokogawa IA Technologies India Pvt Ltd

ITAT: Deletes royalty-adjustment following earlier orders; Upholds TNMM over CUP for import-transaction, remits issue

  • In Favour of Assessee
  • Citation Number : TS-1024-ITAT-2019(Mum)-TP
  • Tax Payer : SI Group India Limited

ITAT: Denies negative working capital adjustment for captive service provider; Follows earlier order

  • In Favour of Revenue
  • Citation Number : TS-1023-ITAT-2019(Bang)-TP
  • Tax Payer : iPass India Private Limited

ITAT: Confirms deletion of TP-adjustment availing benefit of +/-5% range, Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-1022-ITAT-2019(DEL)-TP
  • Tax Payer : Sanden Vikas India Ltd

ITAT:Excludes functionally-dissimilar, high-RPT bearing, Non-profit companies for marketing support service provider

  • In Favour of Assessee
  • Citation Number : TS-1021-ITAT-2019(DEL)-TP
  • Tax Payer : Mentor Graphics (Sale & Service) Pvt Ltd

ITAT: Limits TP-adjustment to AE-transactions; Directs deletion if ALP-difference within 5% ‘safe-harbour’

  • In Favour of Assessee
  • Citation Number : TS-1020-ITAT-2019(Mum)-TP
  • Tax Payer : Huntsman International (India) Private Limited

ITAT:Rejects RPM & directs application of TNMM for benchmarking imports; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1019-ITAT-2019(DEL)-TP
  • Tax Payer : Keihin India Manufacturing Pvt Ltd (formerly Keihin Panalfa Ltd.)

ITAT:Admits assessee’s additional evidence; Remits royalty ALP-determination following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-1018-ITAT-2019(DEL)-TP
  • Tax Payer : CRM Services India Pvt Ltd

ITAT: Excludes 4 comparables for ITES-provider citing different business models, unreliable financials

  • In Favour of Assessee
  • Citation Number : TS-1017-ITAT-2019(DEL)-TP
  • Tax Payer : Copal Research India Pvt Ltd