Updates ( 9020 results )

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ITAT: Upholds exclusion of Acropetal, L&T Infotech & E-Infochips for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-856-ITAT-2019(Bang)-TP
  • Tax Payer : Emulex Communications Pvt Ltd

ITAT: Deletes TP-adjustment on Goodyear’s Regional Service Charges payments citing evidence of service availment

  • In Favour of Assessee
  • Citation Number : TS-855-ITAT-2019(PUN)-TP
  • Tax Payer : Goodyear South Asia Tyres Pvt Ltd

ITAT:Deletes AMP-adjustment citing Revenue’s failure to establish international transaction; Follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-854-ITAT-2019(DEL)-TP
  • Tax Payer : Le Passage to India Tours & Travels Pvt Ltd

ITAT:Upholds royalty TP-adjustment deletion as ALP established while benchmarking exports; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-853-ITAT-2019(DEL)-TP
  • Tax Payer : Cornell Overseas Private Ltd

ITAT:Adopts LIBOR+170bps as interest benchmark for AE-loan; Rejects 500bps markup as 'unjustified'

  • In Favour of Assessee
  • Citation Number : TS-852-ITAT-2019(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt. Ltd.

ITAT: Rejects entity level TP-adjustment; Forex gain/loss arising from revenue transactions, operating item

  • In Favour of Assessee
  • Citation Number : TS-851-ITAT-2019(Mum)-TP
  • Tax Payer : New Holland Fiat (India) Pvt Ltd

ITAT: Accepts assessee’s 1% as ALP for guarantee-fee for factoring facilities, follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-850-ITAT-2019(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd

ITAT:Assessment order issued with penalty notice, but without demand-notice, ‘valid’; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-848-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited

ITAT:Rules on comparables in ITeS & Business support services segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-846-ITAT-2019(Mum)-TP
  • Tax Payer : Reliance Corporate IT Park

HC:Admits Revenue's appeal on TP-provisions applicability to commission free corporate guarantee

  • In Favour of Both, Partially
  • Citation Number : TS-845-HC-2019(DEL)-TP
  • Tax Payer : CLC INDUSTRIES LTD (FORMERLY KNOWN AS M/S. SPENTEX INDUSTRIES LTD.)

ITAT: Rules on comparables; Upholds CIT(A)’s exclusion of high turnover companies for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-844-ITAT-2019(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd

ITAT: Rejects Motilal Oswal Investment Advisors as comparable citing functional-dissimilarity, RPT-filter failure

  • In Favour of Assessee
  • Citation Number : TS-843-ITAT-2019(DEL)-TP
  • Tax Payer : Baring Pvt. Equity Partners India P Ltd

ITAT:Upholds CIT(A)-order quashing final assessment order passed without draft-order in remand proceedings

  • In Favour of Assessee
  • Citation Number : TS-842-ITAT-2019(DEL)-TP
  • Tax Payer : Globerian India P Ltd

ITAT:Sets aside assessment order as null, void; Condones cross-objection filing delay challenging validity

  • In Favour of Assessee
  • Citation Number : TS-841-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited

ITAT:Prefers CPM over TNMM for tour/travel service provider; Follows rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-840-ITAT-2019(DEL)-TP
  • Tax Payer : Greaves Travel India Pvt Ltd

ITAT: Excludes 4 comparables for ITes-provider citing outsourcing model, filters failure, unreliable results etc.

  • In Favour of Both, Partially
  • Citation Number : TS-839-ITAT-2019(Mum)-TP
  • Tax Payer : Willis Processing Services India Ltd

ITAT: Remits comparables selection absent assessee’s TP-study & annual reports of alleged comparables

  • In Favour of Both, Partially
  • Citation Number : TS-838-ITAT-2019(Bang)-TP
  • Tax Payer : Mportal (India) Wireless Solutions Pvt Ltd

ITAT: Holds research & training, AMP-expenses not international transaction; Deletes TP-adjustments

  • In Favour of Both, Partially
  • Citation Number : TS-837-ITAT-2019(Kol)-TP
  • Tax Payer : Akzo Nobel India Ltd

ITAT: Remits treatment of forex-gain on hedging activity for comparable in PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-836-ITAT-2019(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd

HC: Admits Revenue’s appeal challenging AMP-adjustment deletion; Upholds 0.5% as corporate guarantee ALP

  • In Favour of Both, Partially
  • Citation Number : TS-835-HC-2019(BOM)-TP
  • Tax Payer : Thomas Cook (India) Ltd