Updates ( 9025 results )

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ITAT: Remits segmentation and entity level benchmarking issues for software developer; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-239-ITAT-2019(CHNY)-TP
  • Tax Payer : Prodapt Solutions Pvt Ltd

ITAT:CIT(A) jurisdiction change to be communicated efficiently; Restores appeal to CIT(A)

  • In Favour of Assessee
  • Citation Number : TS-238-ITAT-2019(JPR)-TP
  • Tax Payer : Sh. Vikas Agarwal

ITAT: Upholds TP-adjustment deletion finding no income element in interest cost reimbursed to HO

  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2019(Ahd)-TP
  • Tax Payer : Black Pearl Services Limited

ITAT:Dismisses appeal citing assessee’s disinterest in prosecution; Confirms TP-adjustment

  • In Favour of Revenue
  • Citation Number : TS-236-ITAT-2019(PUN)-TP
  • Tax Payer : Oceans Connect India Pvt. Ltd

ITAT:Allows assessee to withdraw appeal on TP-issues absent Revenue's objection

  • In Favour of Assessee
  • Citation Number : TS-235-ITAT-2019(Bang)-TP
  • Tax Payer : Cisco Systems Capital (India) Private Limited

ITAT: Quashes assessment framed on non-existent merged entity in second appeal round; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-234-ITAT-2019(Mum)-TP
  • Tax Payer : Siemens Limited

ITAT: Deletes TP-addition on support services to AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-230-ITAT-2019(DEL)-TP
  • Tax Payer : AT & T COMMUNICATION SERVICES INDIA PVT LTD

ITAT: Excludes Eclerx, Accentia, Informed Technologies for ITES-provider; Allows risk adjustment 20%

  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2019(PUN)-TP
  • Tax Payer : Brintons Carpets Asia Pvt Ltd

ITAT:Sec 271BA-penalty ‘discretionary’; Deletes penalty as Form 3CEB, though not filed electronically, furnished during assessment

  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2019(CHANDI)-TP
  • Tax Payer : Shree Ram Dass Rice & General Mills

ITAT: Fixes Corporate Guarantee commission at 0.5%; Follows Everest Kanto HC-Ruling

  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2019(Mum)-TP
  • Tax Payer : Western Refrigeration Pvt Ltd

ITAT:Restores ALP-determination for marketing and research support services; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-225-ITAT-2019(Mum)-TP
  • Tax Payer : RBS Equities India Ltd

ITAT: Accepts LIBOR for AE-loan, rejects internal-CUP for royalty benchmarking; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2019(Mum)-TP
  • Tax Payer : Marico Ltd

ITAT:Deletes TP-adjustments on investment in AE’s shares and corporate guarantee; Follows earlier- order

  • In Favour of Assessee
  • Citation Number : TS-223-ITAT-2019(Kol)-TP
  • Tax Payer : TCG Lifesciences Pvt Limited (Formerly TCG Lifesciences Limited)

ITAT: Includes 2 comparables but no TP-adjustment warranted as margin within 5% tolerance-range

  • In Favour of Revenue
  • Citation Number : TS-221-ITAT-2019(PUN)-TP
  • Tax Payer : Sungard Solutions Software (I) Pvt Ltd

ITAT: Admits additional evidence; Restores TP-adjustment on FCCD-interest to AO/TPO

  • In Favour of Both, Partially
  • Citation Number : TS-196-ITAT-2019(DEL)-TP
  • Tax Payer : Red Fort Shahjahan Properties Pvt

ITAT:Accepts assessee’s cost allocation for support services following precedents; Deletes TP-adjustment on reimbursement

  • In Favour of Assessee
  • Citation Number : TS-195-ITAT-2019(Mum)-TP
  • Tax Payer : Jabil Circuit India Pvt Ltd

ITAT: Includes 4 and excludes 2 comparables for investment advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-194-ITAT-2019(Mum)-TP
  • Tax Payer : Tata Asset Management Ltd

ITAT:Deletes TP-adjustment on corporate guarantee absent specific cost incurrence; Third-party quotation not valid CUP

  • In Favour of Both, Partially
  • Citation Number : TS-193-ITAT-2019(Ahd)-TP
  • Tax Payer : Adani Enterprise Limited

ITAT: Examines ‘3-year period’ for qualifying as loss-making comparable; Deletes management fees TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2019(Ahd)-TP
  • Tax Payer : Sabic Innovative Plastics India Pvt Ltd

ITAT: Deletes Sec 271G penalty recognizing diamond dealer’s practical difficulties to furnish segmental details

  • In Favour of Assessee
  • Citation Number : TS-191-ITAT-2019(Mum)-TP
  • Tax Payer : Leo Schachter Diamonds India Pvt Ltd