Updates ( 9020 results )
ITAT:Deletes Sec 271(1)(c)-penalty; HC’s admission of assessee’s appeal renders TP-issue debatable
- In Favour of Assessee
- Citation Number : TS-936-ITAT-2019(DEL)-TP
- Tax Payer : Johnson Matthey India Pvt Ltd
ITAT: Includes functionally-similar ICRA Management, Kinetic Trust for non-binding investment advisor; Follows precedent
- In Favour of Assessee
- Citation Number : TS-935-ITAT-2019(Mum)-TP
- Tax Payer : 3i India Private Limited
ITAT: Allows assessee’s appeal; Restores TPO’s cryptic order on comparables selection
- In Favour of Assessee
- Citation Number : TS-934-ITAT-2019(Bang)-TP
- Tax Payer : Terralogic Software Solutions Pvt Ltd (Erstwhile known as Paxtera Solutions Pvt. Ltd.)
ITAT: Remits selection of foreign-AE as tested-party issue; Directs AO/TO to verify TP-study
- In Favour of Assessee
- Citation Number : TS-933-ITAT-2019(Mum)-TP
- Tax Payer : Prothious Engineering Services Private Limited
ITAT: Distinguishes ITeS-segment from Engineering Segment; Remits ALP-determination for software development services
- In Favour of Both, Partially
- Citation Number : TS-932-ITAT-2019(Bang)-TP
- Tax Payer : Wipro GE Healthcare P Ltd (for the merged entity of GE Medical Systems India P Ltd)
ITAT: Remits TP-adjustment on IT-services fees to consider assessee’s evidences
- In Favour of Assessee
- Citation Number : TS-931-ITAT-2019(Mum)-TP
- Tax Payer : TUV SUD South Asia Private Limited
ITAT: Deletes Sec.271G penalty; Considers difficulty in maintaining segmental information in diamond-trade industry
- In Favour of Assessee
- Citation Number : TS-930-ITAT-2019(Mum)-TP
- Tax Payer : K. Girdharilal International Ltd
ITAT: Nil-ALP determination of corporate costs beyond TPO’s jurisdiction; Remits cost-allocation among segments
- In Favour of Both, Partially
- Citation Number : TS-929-ITAT-2019(Mum)-TP
- Tax Payer : Howden Insurance Brokers India Pvt Ltd
ITAT:Deletes Sec 271BA-penalty considering assessee’s bonafide mistake in not filing Form 3CEB reporting SDT
- In Favour of Assessee
- Citation Number : TS-928-ITAT-2019(Ahd)-TP
- Tax Payer : Shree Laxmi Bidi Trading Company
ITAT: Directs aggregated benchmarking under TNMM for royalty payments; Rejects CUP absent comparable cases
- In Favour of Assessee
- Citation Number : TS-927-ITAT-2019(VIZ)-TP
- Tax Payer : SNF (India) Pvt Ltd
ITAT: Rules on comparable-selection for software development & ITeS segments of captive service provider
- In Favour of Both, Partially
- Citation Number : TS-924-ITAT-2019(Bang)-TP
- Tax Payer : Sterling Commerce Solutions India Pvt Ltd (successor in interest to Telelogic India Pvt Ltd)
ITAT: Dismisses Revenue’s MP; Rejects plea that comparables were excluded sans grounds raised
- In Favour of Assessee
- Citation Number : TS-923-ITAT-2019(Bang)-TP
- Tax Payer : Arcot R & D Software Pvt Ltd
ITAT: Accepts assessee’s internal-TNMM based on man-hour rates for benchmarking engineering services
- In Favour of Assessee
- Citation Number : TS-922-ITAT-2019(Mum)-TP
- Tax Payer : Chemtex Global Engineers Pvt Ltd
HC:Dismisses Revenue’s appeal; Upholds exclusion of Alphageo for research & technical service-provider
- In Favour of Assessee
- Citation Number : TS-921-HC-2019(BOM)-TP
- Tax Payer : Sygenta Bioscience Pvt Ltd
HC: Quashes reassessment seeking to capitalize technical-knowhow fees on which TP-adjustment was proposed
- In Favour of Assessee
- Citation Number : TS-920-HC-2019(MAD)-TP
- Tax Payer : Hyundai Motor India Ltd
ITAT: Deletes TP-adjustment on corporate, performance guarantees, software services etc.; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-917-ITAT-2019(Ahd)-TP
- Tax Payer : Mastek Ltd
ITAT:Excludes 4 comparables applying RPT-filter; Excludes functionally dissimilar Alphageo India
- In Favour of Assessee
- Citation Number : TS-916-ITAT-2019(Mum)-TP
- Tax Payer : Mott MacDonald Consultants (India) Pvt Ltd
ITAT: Remits comparability of L&T Infotech; Holds bad/doubtful debts provisions, operating item
- In Favour of Both, Partially
- Citation Number : TS-915-ITAT-2019(Bang)-TP
- Tax Payer : ACI Worldwide Solutions Pvt Ltd
HC: Dismisses Revenue’s appeal; Upholds exclusion of Basiz Fund Services for marketing support service-provider
- In Favour of Assessee
- Citation Number : TS-914-HC-2019(DEL)-TP
- Tax Payer : Microsoft Corporation India Pvt Ltd
ITAT: Excludes 3 companies citing functional dissimilarity, brand value etc for BPO-service provider
- In Favour of Both, Partially
- Citation Number : TS-913-ITAT-2019(Bang)-TP
- Tax Payer : VWR Lab Products Pvt Ltd