Updates ( 9025 results )

Filters

ITAT: Confirms CIT(A)’s TP-adjustment reduction applying +/-5% tolerance range

  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2019(Mum)-TP
  • Tax Payer : J P Morgan India Pvt Ltd

ITAT: Rules on comparables, rejects Accentia, Acropetal, TCS e-serve International for BPO service provider

  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2019(PUN)-TP
  • Tax Payer : KPIT Technologies Ltd

ITAT: Deletes Sec.271G-penalty for diamond dealer, considers previous acceptance of assessee’s ALP under TNMM

  • In Favour of Assessee
  • Citation Number : TS-660-ITAT-2019(Mum)-TP
  • Tax Payer : Ankit Gems Pvt Ltd

HC:Upholds exclusion of Axis Integrated for sourcing support service provider; Follows Rampgree HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-658-HC-2019(DEL)-TP
  • Tax Payer : LI AND FUNG (INDIA) PVT LTD

ITAT: AO's failure to make TPO-reference, curable procedural irregularity; Remits outstanding AE-receivables TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-656-ITAT-2019(HYD)-TP
  • Tax Payer : Satyam Venture Engineering Services Pvt Ltd

ITAT: Deletes TP-adjustment on outstanding AE-receivables as already factored in working-capital adjustment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-655-ITAT-2019(DEL)-TP
  • Tax Payer : Barco Electronic Systems (P) Ltd

ITAT: Excludes L&T Infotech and Persistent Systems in assessee’s software development segment; Follows CGI-ruling

  • In Favour of Assessee
  • Citation Number : TS-654-ITAT-2019(Bang)-TP
  • Tax Payer : EMC Software and Services India Private Limited (successor in the interest of EMC Data Storage Systems (India) Private Limited)

ITAT: Excludes comparables with low employee-cost ratio noting ITES-segment, an employee oriented segment

  • In Favour of Both, Partially
  • Citation Number : TS-653-ITAT-2019(PUN)-TP
  • Tax Payer : BNY Mellon International Operations (India) Pvt Ltd

ITAT:Admits additional evidence supporting management-services receipt, remits issue; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-651-ITAT-2019(CHNY)-TP
  • Tax Payer : Haworth (India) Private Limited

ITAT: Deletes TP-adjustment on legal, professional fees payments rejecting benefit-test application

  • In Favour of Assessee
  • Citation Number : TS-650-ITAT-2019(Mum)-TP
  • Tax Payer : Mubea Automotive India Private Limited (known as Mubea Automotive Components India Pvt Ltd)

ITAT:Confirms TP-adjustment deletion on seconded employee's salary reimbursement considering evidences submitted

  • In Favour of Both, Partially
  • Citation Number : TS-649-ITAT-2019(Mum)-TP
  • Tax Payer : Thermo Fisher Scientific India Pvt Ltd

ITAT: Rules on comparables selection for ITes-provider; Rejects negative working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-648-ITAT-2019(Bang)-TP
  • Tax Payer : FNF India Private Limited (formerly FNF Business Process Outsourcing Services Pvt. Ltd.)

ITAT: Excludes merchant bankers as comparable for investment advisor; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-647-ITAT-2019(Mum)-TP
  • Tax Payer : IIML Assets Advisors Ltd

ITAT:Remits TP-adjustment in respect of management charges; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-646-ITAT-2019(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd

ITAT: Dismisses Revenue’s appeal; Upholds DRP’s exclusion of 4 functionally dissimilar comparables

  • In Favour of Both, Partially
  • Citation Number : TS-644-ITAT-2019(DEL)-TP
  • Tax Payer : Open Solutions Software Services Pvt Ltd

ITAT: Draft assessment order issued along with demand, penalty notices, void-ab-intio; Remits capacity-utilization adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-643-ITAT-2019(PUN)-TP
  • Tax Payer : Skoda Auto India Pvt Ltd

ITAT: Excludes Infosys BPO citing high turnover for ITes-provider; Holds expenses write-off as operating

  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2019(Mum)-TP
  • Tax Payer : Pangea3 Legal Database Systems Pvt Ltd

ITAT: Upholds CIT(A)’s TP-adjustment deletion by applying turnover filter; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2019(Ahd)-TP
  • Tax Payer : Schutz Dishman Biotech Ltd

ITAT: Directs TP-adjustment exclusion from book profits computation; Rules on comparables for ITeS-provider

  • In Favour of Both, Partially
  • Citation Number : TS-640-ITAT-2019(Mum)-TP
  • Tax Payer : GTS e-Services Private Ltd

ITAT: Remits TP-adjustment on diamonds exports citing +/-5% safe-harbour benefit application; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-637-ITAT-2019(Mum)-TP
  • Tax Payer : Jasani (Formerly known as M/s. Ratilal Becharlal & Sons)