Updates ( 9020 results )

Filters

ITAT:Disallowance of salary attributable to SEZ-units not in AO’s power, TPO-reference must

  • In Favour of Assessee
  • Citation Number : TS-1016-ITAT-2019(Ind)-TP
  • Tax Payer : Yash Technologies Pvt Ltd

ITAT: Upholds combined net-profit under PSM approach rejecting separate non-AE transactions taxation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1014-ITAT-2019(Mum)-TP
  • Tax Payer : Star Asian Movies Ltd (Since amalgamated with STAR India Pvt. Ltd.)

ITAT: Dismisses Revenue’s appeal; Accepts internal-CUP for benchmarking VISA-facilitation services citing similarity in services

  • In Favour of Assessee
  • Citation Number : TS-1013-ITAT-2019(Mum)-TP
  • Tax Payer : VFS Global Services Pvt Ltd

ITAT: Excludes 3 comparables for IT-enabled captive service provider citing functional-dissimilarity, brand-benefits

  • In Favour of Assessee
  • Citation Number : TS-1011-ITAT-2019(Mum)-TP
  • Tax Payer : Agilyst Consulting Pvt Ltd (Merged with eClerx Services Ltd.)

HC: Dismisses Revenue’s appeal; Upholds deletion of interest adjustment on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-1008-HC-2019(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD

ITAT:Allows working-capital adjustment considering it a ‘norm’; Excludes 2 comparables failing RPT-filter

  • In Favour of Assessee
  • Citation Number : TS-1007-ITAT-2019(DEL)-TP
  • Tax Payer : Stanley Electric Engineering India Pvt Ltd

ITAT:Directs segregation of ITES & engineering design services; Remits services characterization issue

  • In Favour of Assessee
  • Citation Number : TS-1006-ITAT-2019(Bang)-TP
  • Tax Payer : Ingersoll Rand (India) Ltd

ITAT: Rejects separate taxation of non-AE transactions; Upholds combined net-profit under PSM approach

  • In Favour of Assessee
  • Citation Number : TS-1003-ITAT-2019(Mum)-TP
  • Tax Payer : Star International Movies Ltd.

ITAT: Treats forex gain as operating item; Excludes 3 comparables for captive ITES-provider

  • In Favour of Assessee
  • Citation Number : TS-1002-ITAT-2019(Bang)-TP
  • Tax Payer : Arctern Consulting Pvt Ltd

ITAT: Holds 90 days credit period reasonable for jeweller-assessee; Directs AE-receivables ALP recomputation

  • In Favour of Both, Partially
  • Citation Number : TS-1001-ITAT-2019(DEL)-TP
  • Tax Payer : Bridal Jewellery Mfg Co

ITAT:Remits entire TP-appeal in view of APA resolution allowing Revenue’s appeal

  • In Favour of Revenue
  • Citation Number : TS-1000-ITAT-2019(DEL)-TP
  • Tax Payer : Marubeni India P Ltd

ITAT:Rejects TP-additions on optionally convertible loan, share-application money & AE-balances; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-999-ITAT-2019(Mum)-TP
  • Tax Payer : Reliance Life Sciences Pvt Ltd

ITAT:Rules on comparables for marketing support service provider; Relies on precedents

  • In Favour of Assessee
  • Citation Number : TS-998-ITAT-2019(DEL)-TP
  • Tax Payer : Outotec India Pvt Ltd

ITAT:Deletes TP-adjustment on outstanding AE-receivables for debt free assessee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-997-ITAT-2019(DEL)-TP
  • Tax Payer : McKinsey Knowledge Centre India

ITAT: Applies turnover, RPT filters to exclude comparables for ITes-provider; Follows Autodesk ruling

  • In Favour of Both, Partially
  • Citation Number : TS-995-ITAT-2019(Bang)-TP
  • Tax Payer : 24/7 Customer Private Ltd

ITAT:Rejects TPO’s Nil-ALP determination for intra-group services absent application of prescribed methods

  • In Favour of Assessee
  • Citation Number : TS-994-ITAT-2019(Mum)-TP
  • Tax Payer : DSM Nutritional Products Pvt Ltd

ITAT: Includes companies following different-FY, loss making companies for ITeS Provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-992-ITAT-2019(Mum)-TP
  • Tax Payer : Pangea3 Legal Database Systems Private Limited

ITAT: Excludes Persistent Systems for software developer citing functional dissimilarity though included in TP-study

  • In Favour of Assessee
  • Citation Number : TS-991-ITAT-2019(Bang)-TP
  • Tax Payer : Nvidia Graphics Pvt Ltd

ITAT: Rejects share-application money re-characterization as advance/loan considering transaction not sham; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-990-ITAT-2019(Mum)-TP
  • Tax Payer : Voltas Limited

ITAT: Excludes 2 government companies as comparables; Follows ThyssenKrupp HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-989-ITAT-2019(Mum)-TP
  • Tax Payer : Siemens Power Engineering Pvt Ltd {Through their successor M/s. Siemens Ltd.,}