Updates ( 9025 results )
ITAT: Deletes AMP-adjustment absent condition of AMP-expenses sharing in AE-agreement; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-405-ITAT-2019(Mum)-TP
- Tax Payer : India Medtronic Pvt Ltd
ITAT: Prefers functional characteristics over mere KPO-classification of comparables; Allows risk adjustment
- In Favour of Assessee
- Citation Number : TS-404-ITAT-2019(PUN)-TP
- Tax Payer : MACOM Technology Solutions (India) Private Limited (formerly known as ‘Applied Micro Circuits India Private Limited’)
ITAT: Deletes TP-adjustment on exports, royalty, information system services etc.; Follows precedents
- In Favour of Assessee
- Citation Number : TS-403-ITAT-2019(Mum)-TP
- Tax Payer : Firmenich Aromatics India P Ltd
ITAT: Excludes Excel Infoways as comparable citing fluctuating profits and on-going closure of ITeS-segment
- In Favour of Assessee
- Citation Number : TS-401-ITAT-2019(PUN)-TP
- Tax Payer : BNY Mellon International Operations (India) Private Limited
ITAT:Rejects software product companies, KPOs for BPO service-provider, considers Safe Harbour Rules
- In Favour of Assessee
- Citation Number : TS-400-ITAT-2019(Mum)-TP
- Tax Payer : Sitel India Pvt Ltd
ITAT: Quashes AO’s draft assessment order accompanied by demand notice, as legal nullity
- In Favour of Assessee
- Citation Number : TS-399-ITAT-2019(Bang)-TP
- Tax Payer : Inatech India Pvt Ltd (Formerly known as Inatech Infosolutions Pvt. Ltd.,)
ITAT: Excludes 6 comparables applying Rs1-200cr turnover filter; Follows precedents
- In Favour of Assessee
- Citation Number : TS-398-ITAT-2019(Bang)-TP
- Tax Payer : Cenduit (India) Services Pvt Ltd
ITAT: Deletes TP-adjustment on management & operational services payments, rejects application of benefit-test
- In Favour of Assessee
- Citation Number : TS-397-ITAT-2019(PUN)-TP
- Tax Payer : Sandvik Asia Pvt Ltd
ITAT:DRP-order passed u/s.144C(5) not an appealable order, dismisses assessee’s appeal
- In Favour of Revenue
- Citation Number : TS-396-ITAT-2019(CHNY)-TP
- Tax Payer : Gnutti Carlo India Pvt Ltd
ITAT: Holds corporate guarantee, an ‘international transaction’ pre-2012 amendment; Fixes 0.5% as ALP
- In Favour of Assessee
- Citation Number : TS-395-ITAT-2019(Mum)-TP
- Tax Payer : Piramal Healthcare Limited (Now known as Piramal Enterprises Ltd.)
ITAT: Rules on comparables selection; Working capital adjustment factors impact of outstanding AE-receivables
- In Favour of Assessee
- Citation Number : TS-393-ITAT-2019(DEL)-TP
- Tax Payer : Agilent Technologies (International) Pvt Ltd
ITAT: Directs aggregated benchmarking for spares, CBU-import with manufacturing under TNMM; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-392-ITAT-2019(PUN)-TP
- Tax Payer : Mercedes-Benz India Pvt Ltd
ITAT: Final assessment order not “time-barred” absent statutory time limit for passing draft assessment-order
- In Favour of Both, Partially
- Citation Number : TS-391-ITAT-2019(Bang)-TP
- Tax Payer : Volvo India Pvt Ltd
ITAT: Accepts segmental-reporting submitted during assessment though absent in TP-study; Approves commission-ALP 6
- In Favour of Assessee
- Citation Number : TS-390-ITAT-2019(PUN)-TP
- Tax Payer : Tata Technologies Limited
ITAT: Rejects aggregation of marketing-fee and sales transactions; Holds corporate-guarantee, AE-loans, as international transactions
- In Favour of Both, Partially
- Citation Number : TS-389-ITAT-2019(Mum)-TP
- Tax Payer : Gujarat Glass Ltd (Now known as Piramal Glass Ltd.)
ITAT:Remits ALP-determination for software developer, absent FAR analysis by assessee and TPO
- In Favour of Revenue
- Citation Number : TS-388-ITAT-2019(DEL)-TP
- Tax Payer : Contata Solutions Pvt Ltd
ITAT: Rejects TPO’s SBI-PLR for AE-loan ALP-determination; Corporate guarantee not international transaction pre-2012
- In Favour of Both, Partially
- Citation Number : TS-387-ITAT-2019(DEL)-TP
- Tax Payer : Jindal Steel & Power Ltd
ITAT: Rules on comparables selection; Excludes Infosys, Tata backed companies for IT/ITeS provider
- In Favour of Both, Partially
- Citation Number : TS-386-ITAT-2019(DEL)-TP
- Tax Payer : Morningstar India Pvt Ltd
ITAT:Corporate guarantee issuance, a 'shareholder activity' outside ‘international transaction’ ambit; Deletes TP-adjustment
- In Favour of Assessee
- Citation Number : TS-385-ITAT-2019(Kol)-TP
- Tax Payer : Britannia Industries Ltd
ITAT:Rejects Nil-ALP for management charges paid to parent-Co for services rendered by holding-Co
- In Favour of Assessee
- Citation Number : TS-384-ITAT-2019(PUN)-TP
- Tax Payer : Walter Tools India Pvt Ltd