Updates ( 9025 results )

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ITAT: Accepts foreign AE as tested-party for IT/ITeS provider; Contract migration cost, not operating item

  • In Favour of Assessee
  • Citation Number : TS-278-ITAT-2019(Mum)-TP
  • Tax Payer : WNS Global Services Pvt. Ltd.

ITAT: Accepts assessee’s aggregation approach for benchmarking royalty; Prefers TNMM over TPO’s CUP-method

  • In Favour of Assessee
  • Citation Number : TS-277-ITAT-2019(DEL)-TP
  • Tax Payer : Woodward India Pvt. Ltd (Formerly known as Woodward Governor India Ltd.,)

ITAT: Rules on comparables selection for software development services provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1476-ITAT-2018(Mum)-TP
  • Tax Payer : Infor Global Solutions India Pvt. Ltd

ITAT: Remits comparables selection, working capital & risk adjustments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-276-ITAT-2019(Bang)-TP
  • Tax Payer : 24/7 Customer P Ltd

ITAT: Deletes Rs.300+cr intra-group services TP-adjustment, remits interest adjustment on AE-loan following precedent

  • In Favour of Both, Partially
  • Citation Number : TS-275-ITAT-2019(DEL)-TP
  • Tax Payer : B G Exploration & Production India Ltd

ITAT:Dismisses assessee’s second MP as time barred; HC-clarification on order revival required

  • In Favour of Revenue
  • Citation Number : TS-274-ITAT-2019(Bang)-TP
  • Tax Payer : Curam Software International Private Limited

ITAT: Upholds TNMM for benchmarking sale transaction; Holds corporate guarantee, not international transaction

  • In Favour of Assessee
  • Citation Number : TS-273-ITAT-2019(Kol)-TP
  • Tax Payer : Emami Limited

ITAT: Grants deduction for management fees paid to AE; Service availment established

  • In Favour of Assessee
  • Citation Number : TS-272-ITAT-2019(PUN)-TP
  • Tax Payer : IMC Global Technology Services Pvt Ltd

ITAT: Holds export incentive as operating income; Directs inclusion if pertaining to CY turnover

  • In Favour of Assessee
  • Citation Number : TS-271-ITAT-2019(Bang)-TP
  • Tax Payer : Sami Labs Limited

ITAT:Rejects TPO’s aggregation approach for different manufacturing operations; Remands comparables selection

  • In Favour of Assessee
  • Citation Number : TS-1472-ITAT-2018(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine India Pvt. Ltd. (Erstwhile Allied Domecq Spirits & Wine India Private Limited)

ITAT:Directs segregation of manufacturing activities while benchmarking import transaction in distribution segment

  • In Favour of Both, Partially
  • Citation Number : TS-269-ITAT-2019(DEL)-TP
  • Tax Payer : Daikin Airconditioning India

ITAT: Modifies Tribunal-order to clarify reliance on Commscope, Saxo ruling for E-Infochips exclusion

  • In Favour of Revenue
  • Citation Number : TS-267-ITAT-2019(Bang)-TP
  • Tax Payer : Finastra Software Solutions India Pvt Ltd

ITAT: Upholds exclusion of Excel Infoways for ITeS-provider; Follows Emerson Climate ruling

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2019(PUN)-TP
  • Tax Payer : Credit Pointe Services Pvt Ltd

ITAT:Accepts cost allocation of project expenses; Relies on auditor’s certification absent proven infirmities

  • In Favour of Assessee
  • Citation Number : TS-265-ITAT-2019(DEL)-TP
  • Tax Payer : Bramco WLL

ITAT: Huge AMP-expenses not ground to infer ‘international transaction’ presence; Deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-264-ITAT-2019(DEL)-TP
  • Tax Payer : Moet Hennessy India Private Ltd

ITAT:Prefers TNMM over CUP for benchmarking trading transactions; Deletes outstanding AE-receivables TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2019(CHNY)-TP
  • Tax Payer : Gimpex Private Ltd

ITAT:Dismisses assessee’s miscellaneous applications; ITAT rightly remitted TP-issues citing cryptic CIT(A) order

  • In Favour of Revenue
  • Citation Number : TS-1470-ITAT-2018(Kol)-TP
  • Tax Payer : Steel Plus Limited

ITAT: Remits TP-adjustment on outstanding AE-receivables to determine comparables' average collection period

  • In Favour of Both, Partially
  • Citation Number : TS-262-ITAT-2019(HYD)-TP
  • Tax Payer : Value Labs Technologies

ITAT: Upholds TP-adjustment restriction to international transactions; Follows HC rulings

  • In Favour of Assessee
  • Citation Number : TS-1469-ITAT-2018(Kol)-TP
  • Tax Payer : IBM Business Consulting Service Pvt. Ltd

ITAT:Dismisses assessee’s appeal considering TP-issues resolved under unilateral-APA

  • In Favour of Assessee
  • Citation Number : TS-261-ITAT-2019(Bang)-TP
  • Tax Payer : Sony India Software Centre Pvt Ltd