Updates ( 9020 results )

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ITAT: Quashes Sec 263-revision against time-barred assessment order as illegal, bad in law

  • In Favour of Assessee
  • Citation Number : TS-988-ITAT-2019(Mum)-TP
  • Tax Payer : Essar Shipping Limited

ITAT: Excludes Infosys and mPhasis for software development & support service provider

  • In Favour of Assessee
  • Citation Number : TS-987-ITAT-2019(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd

ITAT: Confirms CIT(A)-order restricting TP-adjustment only to international transactions; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-986-ITAT-2019(PUN)-TP
  • Tax Payer : Gestamp Pune Automotive India Pvt Ltd (Formerly known as Sungwoo Gestamp Hitech (Pune) Pvt. Ltd.)

ITAT:Sets-aside CIT(A)'s capacity-adjustment denial in second appeal round; Remits issue to TPO

  • In Favour of Assessee
  • Citation Number : TS-985-ITAT-2019(DEL)-TP
  • Tax Payer : EDAG Engineering & Design India Pvt Ltd (Now known as EDAG Production Solutions P. Ltd.)

ITAT:Deletes TP-adjustment on payment of royalty and management Fees; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-984-ITAT-2019(PUN)-TP
  • Tax Payer : Spicer India Private Limited

ITAT: Nil ALP-determination amounts to income enhancement; Rejects CIT(A)’s ‘non-appealable’ u/s 246A stand

  • In Favour of Both, Partially
  • Citation Number : TS-983-ITAT-2019(DEL)-TP
  • Tax Payer : Inergy Automotive Systems Manufacturing India Pvt Ltd

ITAT:Characterizes CCDs as ‘hybrid-instrument’ in nature of equity, not loan; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-982-ITAT-2019(HYD)-TP
  • Tax Payer : Hyderabad Infratech Pvt Ltd

ITAT: Excludes 4 comparables for consultancy service provider; Stresses on comparability of business activities

  • In Favour of Assessee
  • Citation Number : TS-981-ITAT-2019(DEL)-TP
  • Tax Payer : Veolia India Pvt Ltd [Earlier known as Veolia Water [I] Pvt Ltd

ITAT:Excludes Thirdware Solutions for software developer; Deletes TP-adjustment on expenditure reimbursement

  • In Favour of Assessee
  • Citation Number : TS-980-ITAT-2019(Mum)-TP
  • Tax Payer : Ness Technologies (India) Private Limited

ITAT: Directs CIT(A) to relook at functionality test and adjudicate afresh on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-979-ITAT-2019(Bang)-TP
  • Tax Payer : Ariba Technologies India Pvt Ltd

ITAT:Remits TP-adjustment on engineering services characterized as ITES by TPO; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-978-ITAT-2019(Bang)-TP
  • Tax Payer : Continental Automotive Components India Pvt Ltd

ITAT:Deletes TP-adjustment on forex fluctuation on subsidiary-deposits, interest on AE-loans; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-977-ITAT-2019(Mum)-TP
  • Tax Payer : The Indian Hotels Company Ltd

ITAT: Prefers Internal-CUP over external-CUP for benchmarking SDT of interest payment; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-976-ITAT-2019(JPR)-TP
  • Tax Payer : Uttam Bharat Electricals Pvt Ltd

HC: Confirms ITAT-order allowing quality adjustment while benchmarking imports, deleting TP-adjustment on technical-fees

  • In Favour of Assessee
  • Citation Number : TS-974-HC-2019(BOM)-TP
  • Tax Payer : Merck Ltd

ITAT: Excludes E-clerx, Infosys BPO, having high turnover, for back-office support provider; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-972-ITAT-2019(Bang)-TP
  • Tax Payer : Fulcrum Fund Services (India) Pvt Ltd

ITAT: Excludes Kals Information Systems, L&T Infotech and Bodhtree Consulting for software-developer

  • In Favour of Assessee
  • Citation Number : TS-971-ITAT-2019(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Private Limited (formerly Meritor LVS India Pvt. Ltd.)

ITAT: Upholds exclusion of software giant, Infosys Technologies; Follows Agnity-HC ruling

  • In Favour of Assessee
  • Citation Number : TS-970-ITAT-2019(DEL)-TP
  • Tax Payer : Synopsys [India] Pvt Ltd [Since Virage Logic International India Branch Office]

ITAT: Excludes Infosys BPO, BNR Udyog, TCS E Service for ITes-provider; Follows Zyme Solutions ruling

  • In Favour of Assessee
  • Citation Number : TS-969-ITAT-2019(Bang)-TP
  • Tax Payer : Indeca Sporting Goods Pvt Ltd

ITAT:Admits additional ground relating to calculation errors in comparables margin computation; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-968-ITAT-2019(DEL)-TP
  • Tax Payer : Hitachi High-Technologies (Singapore) P Ltd

ITAT: Deletes TP-adjustments on Royalty following earlier orders; Remits intra-group services issue

  • In Favour of Assessee
  • Citation Number : TS-967-ITAT-2019(Mum)-TP
  • Tax Payer : Mondelez India Foods Private Limited