Updates ( 9025 results )

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ITAT: Accepts assessee’s internal-TNMM for benchmarking engineering services, rejects TPO’s unreliable man-hour allegation

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2019(Mum)-TP
  • Tax Payer : SNC Lavalin Engineering India Pvt Ltd

ITAT: Rejects Nil-ALP for intra-group services, discards TPO’s non-furnishing of “primary evidence” stand

  • In Favour of Assessee
  • Citation Number : TS-613-ITAT-2019(Mum)-TP
  • Tax Payer : Jardine Lloyed Thompson Pvt Ltd

ITAT: Excludes 2 comparables applying 10-times turnover range; Follows Acusis over Chryscapital ruling

  • In Favour of Both, Partially
  • Citation Number : TS-612-ITAT-2019(Bang)-TP
  • Tax Payer : Broadcom Communications Technologies Private Limited (earlier known as Broadcom India Research Private Limited)

HC: Dismisses assessee’s appeal on TP-adjustments sans establishing perversity in ITAT-order; Follows Softbrands

  • In Favour of Revenue
  • Citation Number : TS-608-HC-2019(MAD)-TP
  • Tax Payer : Indian Additives Ltd

ITAT: Allows assessee’s MP; Recalls Tribunal-order for adjudicating on exclusion of 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2019(Bang)-TP
  • Tax Payer : Synopsys (India) Pvt Ltd

ITAT:Dismisses Revenue’s MP challenging non-consideration of Volvo ruling while rejecting license fees’ nil-ALP

  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2019(Bang)-TP
  • Tax Payer : Adcock Ingram Limited

ITAT:Upholds TP-adjustment deletion; Chapter X inapplicable to income covered under tonnage tax scheme

  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2019(Mum)-TP
  • Tax Payer : Van Oord India P Ltd

ITAT:Rejects Nil-ALP of marketing & administrative intra-group services; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2019(PUN)-TP
  • Tax Payer : Rehau Polymers Pvt Ltd

ITAT: Modifies Tribunal-order, removes observations on PLI-treatment of payout income/cost as issue unargued

  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2019(PUN)-TP
  • Tax Payer : Capstone Securities Analysis Pvt Ltd

ITAT: TPO’s non-acceptance of Sec 92D information/documents not ground to levy Sec 271G penalty

  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2019(Mum)-TP
  • Tax Payer : Dauji & Co

ITAT:Remits ALP-determination of assessee’s receipt of second line support services; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-601-ITAT-2019(DEL)-TP
  • Tax Payer : Ericsson India Pvt Ltd

ITAT:Deletes TP-addition on intra-group services rejecting Nil ALP; Considers service receipt/ benefit established

  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2019(Mum)-TP
  • Tax Payer : FCB Ulka Advertising Pvt Ltd (Earlier known as Draft FCB Ulka Advertising P. Ltd.)

ITAT: Considers audited segmental results for ALP-determination; Grants adjustments towards stock write-off, capacity utilisation

  • In Favour of Assessee
  • Citation Number : TS-599-ITAT-2019(Mum)-TP
  • Tax Payer : SI Group India Limited

ITAT: Deletes TP-adjustment for Shilpa Shetty’s free brand ambassadorship services to Rajasthan Royals; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-596-ITAT-2019(Mum)-TP
  • Tax Payer : Shilpa Shetty

ITAT: Rules on comparables selection, Remits risk-adjustment for investment advisory service provider

  • In Favour of Both, Partially
  • Citation Number : TS-595-ITAT-2019(Mum)-TP
  • Tax Payer : TPG Capital India Pvt ltd

ITAT: Upholds corporate guarantee ALP at 0.90, remits TP-adjustment on AE-loan; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2019(Mum)-TP
  • Tax Payer : Technocraft Industries India Ltd

ITAT: Allows Sec.10A-deduction on voluntary TP-adjustment; Follows iGate HC ruling over Deloitte ruling

  • In Favour of Assessee
  • Citation Number : TS-593-ITAT-2019(DEL)-TP
  • Tax Payer : A T Kearney India Pvt Ltd

ITAT: Upholds TP-adjustment on unallotted share-capital advance, deletes adjustment for shares allotted

  • In Favour of Both, Partially
  • Citation Number : TS-591-ITAT-2019(Mum)-TP
  • Tax Payer : KSS Ltd (Formerly known as K Sera Sera Productions Ltd.)

ITAT: Dismisses assessee's appeal against royalty, management services TP-adjustments in light of APA-resolution

  • In Favour of Revenue
  • Citation Number : TS-590-ITAT-2019(Mum)-TP
  • Tax Payer : Gia India Laboratory Pvt Ltd

ITAT: Excludes BEML, a government-company, as comparable; Restricts TP-adjustment only to international transactions

  • In Favour of Both, Partially
  • Citation Number : TS-589-ITAT-2019(PUN)-TP
  • Tax Payer : Hyundai Construction Equipment (I) Pvt Ltd