Updates ( 9025 results )

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ITAT:Accepts assessee’s RPM for imports following earlier-order; Remits AE-receivables issue

  • In Favour of Assessee
  • Citation Number : TS-718-ITAT-2019(Bang)-TP
  • Tax Payer : Randox Laboratories India Private Limited

ITAT: Considers reversal of regional office expenses in margin computation; Follows Logica ruling

  • In Favour of Assessee
  • Citation Number : TS-717-ITAT-2019(Mum)-TP
  • Tax Payer : ANZ Capital Pvt Ltd

ITAT: Determines corporate guarantee fee ALP at 0.5%; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2019(Mum)-TP
  • Tax Payer : Cox & Kings Limited

ITAT:Deletes Ad-hoc adjustment for regional office expenses; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2019(Mum)-TP
  • Tax Payer : Det Norske Veritas AS

ITAT: Dismisses Revenue’s appeal; Upholds CIT(A)’s exclusion of 6 comparables citing high-turnover, abnormal profits

  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2019(PUN)-TP
  • Tax Payer : NetHawk Networks India Pvt Ltd

ITAT: Rectifies mistake in ITAT-order; Remits comparability of 3 companies for fresh adjudication

  • In Favour of Assessee
  • Citation Number : TS-712-ITAT-2019(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd

ITAT: Adopts RPM for benchmarking Swarovski’s crystal imports; Remits AMP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-711-ITAT-2019(DEL)-TP
  • Tax Payer : Swarovski India Pvt Ltd

ITAT:Deletes intra-group services TP-adjustment, remits royalty TP-adjustment; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-710-ITAT-2019(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Private Limited

ITAT: Remits royalty on trademark & intra-group services TP-adjustment; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-708-ITAT-2019(Mum)-TP
  • Tax Payer : Mondelez India Foods P Ltd (formerly known as Cadbury India Ltd.)

ITAT:Allows assessee’s MP; Recalls order to rectify direction on working capital adjustment consideration

  • In Favour of Assessee
  • Citation Number : TS-705-ITAT-2019(DEL)-TP
  • Tax Payer : Akzo Noble Car Refinishes India Pvt. Ltd. (formerly known as Akzo Nobel Car Refinishes India Limited)

HC: Upholds ITAT’s comparables selection for assessee providing engineering, financial, IT-Infrastructure support services

  • In Favour of Assessee
  • Citation Number : TS-704-HC-2019(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd

ITAT: Excludes 3 comparables for software-developer citing functional dissimilarity, segmental data unavailability etc.

  • In Favour of Assessee
  • Citation Number : TS-703-ITAT-2019(DEL)-TP
  • Tax Payer : Mentor Graphic (India) P Ltd

HC: Dismisses Revenue’s appeal; Upholds ITAT’s comparables-selection made after FAR-analysis for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-701-HC-2019(DEL)-TP
  • Tax Payer : Fluor Daniel India Pvt Ltd

ITAT:Considers AO/TPO's adoption of wrong PLI for assessee; Remits issue for verification

  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2019(PUN)-TP
  • Tax Payer : Carraro India Pvt Ltd

ITAT: Rules on comparable-selection; Delayed recovery of debtors not loans/advances to AE

  • In Favour of Assessee
  • Citation Number : TS-698-ITAT-2019(Mum)-TP
  • Tax Payer : Mobileum (India) Pvt Ltd (Formerly known as Roamware India Pvt Ltd)

ITAT: Excludes Accentia Technologies, Acropetal & Crossdomain Solutions for BPO service-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-697-ITAT-2019(Mum)-TP
  • Tax Payer : BancTec TPS India Pvt Ltd

ITAT: Upholds TP-adjustment deletion on corporate-guarantee, accepts assessee’s 1% as ALP; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2019(Mum)-TP
  • Tax Payer : Glenmark Generics Ltd

ITAT: Directs verification of segmental-results to confirm CIT(A)’s TP-adjustment deletion adopting internal TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-694-ITAT-2019(Mum)-TP
  • Tax Payer : CanvasM Technologies Ltd (Now Tech Mahindra Ltd.)

ITAT:Deletes penalty for non-reporting share-transaction in Form 3CEB; Considers impossibility of performance plea

  • In Favour of Assessee
  • Citation Number : TS-693-ITAT-2019(Mum)-TP
  • Tax Payer : Fremantle India Television Productions Pvt Ltd

ITAT: Excludes 12 comparables for software developer, follows precedents; Allows working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-692-ITAT-2019(Bang)-TP
  • Tax Payer : Smarsh India Private Limited (formerly Actiance India Pvt. Ltd.)