Updates ( 9020 results )

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ITAT: Rejects assessee's characterization as KPO-provider; Remits issue following earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-834-ITAT-2019(Bang)-TP
  • Tax Payer : Open Silicon Research Pvt Ltd

ITAT: Directs LIBOR of country where AE-loan is consumed for interest benchmarking; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-833-ITAT-2019(Mum)-TP
  • Tax Payer : Arshiya Ltd

ITAT:Deletes TP-adjustment on AE-receivables; Working-capital adjustment imbibes outstanding receivables impact on profitability

  • In Favour of Both, Partially
  • Citation Number : TS-832-ITAT-2019(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd

ITAT: Allows MP; Restricts remand to turnover filter application, comparables without disturbing MAM-selection

  • In Favour of Assessee
  • Citation Number : TS-831-ITAT-2019(Mum)-TP
  • Tax Payer : Roche Diagnostics India Private Limited

ITAT: Treats forex-fluctuation as operating item; Rules on comparables in IT/ITeS segments

  • In Favour of Both, Partially
  • Citation Number : TS-830-ITAT-2019(Bang)-TP
  • Tax Payer : First Advantage Global Operating Center Pvt Ltd

ITAT: Rules on treatment of bad-debts, operating expense provision, export incentives for PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-827-ITAT-2019(PUN)-TP
  • Tax Payer : Tasty Bite Eatables Ltd

ITAT: Discards Revenue's rejection of RPM for imports citing inappropriate comparables selection by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-826-ITAT-2019(Mum)-TP
  • Tax Payer : Bristol Myers Squibb India Private Limited

ITAT: Rejects inadequate comparables as ‘exceptionality’ to include comparable with different-FY

  • In Favour of Assessee
  • Citation Number : TS-825-ITAT-2019(PUN)-TP
  • Tax Payer : Kirloskar Ebara Pumps Ltd

ITAT: Draft order passed with demand/penalty notice, invalid; Follows Skoda, Rehau rulings

  • In Favour of Assessee
  • Citation Number : TS-824-ITAT-2019(PUN)-TP
  • Tax Payer : Kohler Power India Private Limited (Earlier known as “Lombardini India Private Limited”)

ITAT: Aggregates imports with manufacturing transaction for benchmarking; Treats abnormal forex-fluctuation as non-operating

  • In Favour of Assessee
  • Citation Number : TS-823-ITAT-2019(PUN)-TP
  • Tax Payer : Mercedes-Benz India Pvt Ltd

ITAT: Directs adoption of EURIBOR+2% as interest-ALP for AE-loan; Follows earlier-orders

  • In Favour of Revenue
  • Citation Number : TS-822-ITAT-2019(PUN)-TP
  • Tax Payer : iGate Global Solutions Ltd

ITAT:Prefers 'actuals' over revenue based approach for expense allocation; Remits comparables selection

  • In Favour of Both, Partially
  • Citation Number : TS-821-ITAT-2019(PUN)-TP
  • Tax Payer : Neilsoft Limited

ITAT: Rules on comparable-selection for software developer; Excludes functionally dissimilar, software product companies

  • In Favour of Assessee
  • Citation Number : TS-819-ITAT-2019(Bang)-TP
  • Tax Payer : Hewlett Packard India Software Operation Pvt.Ltd

ITAT: Upholds segregation of management fees; Remits ALP-determination to consider assessee’s evidences

  • In Favour of Both, Partially
  • Citation Number : TS-818-ITAT-2019(PUN)-TP
  • Tax Payer : Morganite Crucible India Limited

ITAT: Excludes 6 comparables for IT/ITeS-provider citing functional dissimilarity, fluctuating margins; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2019(PUN)-TP
  • Tax Payer : BMC Software India Private Limited

ITAT:Upholds CIT(A)-order rejecting TPO’s re-characterization of equity investment in Cyprus-AE as loan

  • In Favour of Assessee
  • Citation Number : TS-814-ITAT-2019(Kol)-TP
  • Tax Payer : Philips Carbon Black Ltd

ITAT:Quashes final assessment order passed sans draft-order; Follows Zuari, Nokia rulings

  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2019(Mum)-TP
  • Tax Payer : HSBC Invest Direct Securities (I) P Ltd

ITAT:Upholds TP-adjustment deletion on management fees, rejecting TPO’s shareholders’ activities allegation

  • In Favour of Assessee
  • Citation Number : TS-811-ITAT-2019(Kol)-TP
  • Tax Payer : Apollo Gleneagles Hospitals Ltd

ITAT: Rules on comparables in software development & sales support segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-810-ITAT-2019(PUN)-TP
  • Tax Payer : BMC Software India Private Limited

ITAT: Allows Sec.10AA deduction rejecting AO’s higher TP-margins reasoning; Remits TP-adjustment on intra-group services

  • In Favour of Both, Partially
  • Citation Number : TS-809-ITAT-2019(PUN)-TP
  • Tax Payer : Honeywell Automation India Limited