Updates ( 9020 results )

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ITAT: Excludes comparables citing functional-dissimilarity, brand value, for software developer; Remits forex gain/loss treatment

  • In Favour of Both, Partially
  • Citation Number : TS-784-ITAT-2019(Bang)-TP
  • Tax Payer : CSG Systems International (India) Private Limited

HC: Dismisses Revenue’s appeal; Upholds ITAT’s exclusion of Infosys BPO for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-783-HC-2019(DEL)-TP
  • Tax Payer : SYMPHONY MARKETING SOLUTIONS INDIA PVT. LTD. (NOW MERGED WITH GENPACT INDIA)

ITAT: Excludes 2 functionally dissimilar comparables for ITeS-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-782-ITAT-2019(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Pvt Ltd

ITAT:Rejects Revenue’s appeal against adjustment to comparables’ profit-margin considering HC-order in own case

  • In Favour of Assessee
  • Citation Number : TS-781-ITAT-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt

ITAT: Remits royalty TP-adjustment to adjudicate assessee's plea that income merely routed through AE

  • In Favour of Assessee
  • Citation Number : TS-780-ITAT-2019(Mum)-TP
  • Tax Payer : Universal Music (India) Pvt Ltd

ITAT: Deletes Sec.271G penalty for diamonds-trader; Practical difficulty in furnishing information constitutes reasonable cause

  • In Favour of Assessee
  • Citation Number : TS-779-ITAT-2019(Mum)-TP
  • Tax Payer : Jasani

ITAT: Directs working-capital adjustment based on OECD formula; Follows earlier-years approach

  • In Favour of Assessee
  • Citation Number : TS-778-ITAT-2019(DEL)-TP
  • Tax Payer : Hewitt Associates (India)P Ltd

ITAT: Rejects DRP’s suo-moto introduction of ‘Onsite-revenue filter’ post TPO’s TP-analysis; Excludes 3 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-777-ITAT-2019(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd

ITAT: Determines guarantee fee ALP at 0.5%; Remits AE-loan adjustment directing LIBOR application

  • In Favour of Both, Partially
  • Citation Number : TS-776-ITAT-2019(Mum)-TP
  • Tax Payer : Alok Industries Ltd

ITAT: Adopts SBI rate for benchmarking trade receivables; Rules on comparables for IT/ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-774-ITAT-2019(HYD)-TP
  • Tax Payer : Infor (India) P Ltd (formerly known as Infor Global Solutions (India) P Ltd

ITAT: Holds AMP-adjustment not international transaction for assessee-trader in second round of proceedings

  • In Favour of Assessee
  • Citation Number : TS-773-ITAT-2019(Mum)-TP
  • Tax Payer : India Medtronic Private Ltd

ITAT:Final assessment order passed without draft-order, invalid; Assessee’s participation in proceedings irrelevant

  • In Favour of Assessee
  • Citation Number : TS-772-ITAT-2019(PUN)-TP
  • Tax Payer : Jain Irrigation Systems Ltd

ITAT: Excludes Cignity, Thirdware, remits Aspire for RPT verification for low-end software developer

  • In Favour of Both, Partially
  • Citation Number : TS-771-ITAT-2019(Mum)-TP
  • Tax Payer : Lionbridge Technologies Private Limited

ITAT:Holds forex gains as operating income; Remits comparability of MPS Ltd. for ITes-provider

  • In Favour of Both, Partially
  • Citation Number : TS-770-ITAT-2019(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd

ITAT: Holds Eclerx, a KPO-company, incomparable to ITeS-provider; Distinguishes ruling in own case

  • In Favour of Both, Partially
  • Citation Number : TS-769-ITAT-2019(HYD)-TP
  • Tax Payer : Hyundai Motor India Engineering Private Limited

ITAT:Upholds TP-adjustment deletion on indenting commission considering TPO’s awry application of CPM

  • In Favour of Both, Partially
  • Citation Number : TS-766-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited

ITAT: Upholds CIT(A)’s corporate guarantee ALP determination at 0.5%; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-765-ITAT-2019(Mum)-TP
  • Tax Payer : Laqshya Media Pvt Ltd

ITAT: Upholds TPO’s unallocated cost apportionment for computing segmental profits for software-R&D division

  • In Favour of Both, Partially
  • Citation Number : TS-764-ITAT-2019(Bang)-TP
  • Tax Payer : Trident Microsystems India Pvt Ltd

ITAT:Rules on comparables for Corporate-support and R&D services provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-763-ITAT-2019(Mum)-TP
  • Tax Payer : International Specialty Products (India) Pvt Limited

ITAT: Upholds segregation of management-fee but considers payment at ALP under CPM; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-762-ITAT-2019(PUN)-TP
  • Tax Payer : INA Bearings India Pvt Ltd