Updates ( 9020 results )

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ITAT: Excludes 7 companies with fluctuating profits, brand value for low-risk software developer

  • In Favour of Assessee
  • Citation Number : TS-886-ITAT-2019(Bang)-TP
  • Tax Payer : NI Systems (India) Pvt Ltd

ITAT:Deletes TP-adjustment on AE-receivables for debt-free assessee; Excludes investment management advisor company

  • In Favour of Assessee
  • Citation Number : TS-884-ITAT-2019(DEL)-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd

ITAT: Remits AMP-adjustment for operating margins verification; Deletes TP-adjustment AE-receivables noting ordinate delay

  • In Favour of Both, Partially
  • Citation Number : TS-882-ITAT-2019(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine [India] Pvt Ltd

ITAT:Quashes reassessment to make royalty TP-adjustment absent ‘reason to believe’ income escapement

  • In Favour of Assessee
  • Citation Number : TS-881-ITAT-2019(PUN)-TP
  • Tax Payer : Endress Hauser Flowtec (India) Private Limited

ITAT: Excludes functionally dissimilar Bodhtree Consulting, FCS Software; Includes SIP Technologies for software developer

  • In Favour of Assessee
  • Citation Number : TS-880-ITAT-2019(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Ltd

ITAT: Applies MAP-agreed 17 markup for Denmark AE transactions to non-Denmark AE transactions

  • In Favour of Assessee
  • Citation Number : TS-878-ITAT-2019(Bang)-TP
  • Tax Payer : Novo Nordisk Service Centre (India) Pvt Ltd

ITAT: Excludes high-end KPOs for medical transcription service provider; Remits forex-fluctuation treatment issue

  • In Favour of Both, Partially
  • Citation Number : TS-877-ITAT-2019(Bang)-TP
  • Tax Payer : Acusis Software India Private Limited

HC: Upholds TP-adjustment deletion on corporate guarantee & share application money; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-876-HC-2019(BOM)-TP
  • Tax Payer : Concentrix Services (I) Pvt Ltd

ITAT: Remits TP-issues of royalty payments, ALP-differences in distribution/software development segments; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-875-ITAT-2019(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd

ITAT: Confirms TP-adjustment deletion for Bata India considering ALP within 5% tolerance range

  • In Favour of Assessee
  • Citation Number : TS-874-ITAT-2019(Kol)-TP
  • Tax Payer : Bata India Ltd

ITAT: Excludes 5 comparables for captive software developer citing functional dissimilarity, turnover filter failure

  • In Favour of Both, Partially
  • Citation Number : TS-872-ITAT-2019(Bang)-TP
  • Tax Payer : Novell Software Development India Pvt Ltd

ITAT: Excludes 5 comparables by applying Rs.200 crores upper-turnover filter; Follows Genisys ruling

  • In Favour of Assessee
  • Citation Number : TS-869-ITAT-2019(Bang)-TP
  • Tax Payer : IGEFI Software India Pvt Ltd (Formerly Finch Software India Pvt. Ltd)

ITAT: Excludes Infosys BPO, TCS E-Serve for assessee-BPO citing high turnover and brand benefits

  • In Favour of Assessee
  • Citation Number : TS-868-ITAT-2019(DEL)-TP
  • Tax Payer : Astra Business Services P Ltd

ITAT: Deletes TP-adjustment; Accepts jeweller-assessee’s entity-level benchmarking for domestic transaction of stock purchase

  • In Favour of Assessee
  • Citation Number : TS-867-ITAT-2019(PUN)-TP
  • Tax Payer : P N Gadgil Jewellers Pvt Ltd

ITAT: Excludes functionally-dissimilar eClerx; Excludes TCS e-Serve & Infosys BPO applying turnover filter

  • In Favour of Assessee
  • Citation Number : TS-866-ITAT-2019(Kol)-TP
  • Tax Payer : Data Core (India) Private Limited (merged with DCG Data-Core Systems (India) Pvt. Ltd

ITAT:Excludes comparables in software development & ITeS segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-864-ITAT-2019(HYD)-TP
  • Tax Payer : Medpluxes India Pvt. Ltd

HC:Dismisses Revenue’s appeal; Upholds ITAT’s exclusion of 2 functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-862-HC-2019(BOM)-TP
  • Tax Payer : Visteon Engineering Centre (India) Pvt Ltd

ITAT: Remits ALP-determination of corporate service charges; Directs consideration of intercompany agreement

  • In Favour of Assessee
  • Citation Number : TS-861-ITAT-2019(DEL)-TP
  • Tax Payer : Bentley Systems India Private Limited

ITAT: Excludes 3 comparables, remits 3, for ITes-provider; Remits outstanding AE-receivables adjustment issue

  • In Favour of Both, Partially
  • Citation Number : TS-858-ITAT-2019(Bang)-TP
  • Tax Payer : Indecomm Global Services (India) Pvt Ltd

ITAT: Upholds royalty TP-adjustment deletion for Benetton India; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-857-ITAT-2019(DEL)-TP
  • Tax Payer : Benetton India P Ltd