Updates ( 9028 results )
ITAT: Higher TP-margins no ground to deny tax-holiday by invoking Sec 10A(7)/10AA(9) r.w.s. 80IA(10); Follows precedents
- In Favour of Assessee
- Citation Number : TS-146-ITAT-2019(PUN)-TP
- Tax Payer : Honeywell Automation India Limited
ITAT: Directs weighted-average price adoption for benchmarking carpet AE-sales; Considers quality, design differences
- In Favour of Both, Partially
- Citation Number : TS-145-ITAT-2019(JPR)-TP
- Tax Payer : Jaipur Rugs Company Pvt Ltd
ITAT: Confirms CIT(A)’s deletion of TP-adjustment on LNG-import; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-144-ITAT-2019(Ahd)-TP
- Tax Payer : Hazira LNG Private Limited
ITAT:Remits engineering support services ALP-determination citing TPO’s non-examination of prescribed TP-methods
- In Favour of Both, Partially
- Citation Number : TS-143-ITAT-2019(Mum)-TP
- Tax Payer : Dow Chemical International Private Limited
ITAT: Allows assessee’s appeal withdrawal as entire TP-adjustment deleted in rectification order
- In Favour of Both, Partially
- Citation Number : TS-142-ITAT-2019(PUN)-TP
- Tax Payer : Ubisoft Entertainment India Private Limited
ITAT: Deletes AMP-adjustment made applying BLT on protective basis absent statutory mandate; Follows precedents
- In Favour of Assessee
- Citation Number : TS-141-ITAT-2019(DEL)-TP
- Tax Payer : Sony Mobile Communication India Private Limited (now merged with Sony India Pvt. Ltd)
ITAT: Deletes TP-adjustment on commission payment to AE; Follows earlier-orders
- In Favour of Assessee
- Citation Number : TS-140-ITAT-2019(Mum)-TP
- Tax Payer : Hinduja Ventures Limited, (Formerly known as Hinduja TMT Limited)
ITAT: Prefers functional over product similarity under TNMM; Approves cash PLI for manufacturer
- In Favour of Assessee
- Citation Number : TS-139-ITAT-2019(Kol)-TP
- Tax Payer : Epcos Ferrites Ltd. (since merged with EpcosIndia Pvt. Ltd)
ITAT: Upholds consistently followed TNMM for export-transactions; Rejects CUP citing geographical, quantity differences
- In Favour of Assessee
- Citation Number : TS-138-ITAT-2019(Mum)-TP
- Tax Payer : Glenmark Pharmaceuticals Ltd
HC:Admits Goodyear’s appeal; ITAT denied export incentives reduction from cost-base for exports benchmarking
- In Favour of Assessee
- Citation Number : TS-136-HC-2019(DEL)-TP
- Tax Payer : Goodyear India Limited
ITAT:Deletes Sec 271(1)(c) penalty considering substantial TP-adjustment reduced in quantum appeal
- In Favour of Assessee
- Citation Number : TS-135-ITAT-2019(CHANDI)-TP
- Tax Payer : Rakhra Technologies P.Ltd
ITAT: Excludes Akshay-Software for software developer; Safer to exclude comparable when service nature doubtful
- In Favour of Assessee
- Citation Number : TS-134-ITAT-2019(Bang)-TP
- Tax Payer : MetricStream Infotech (India) Pvt Ltd
ITAT:Upholds application of entity level TNMM only to AE-transactions, not entire turnover
- In Favour of Assessee
- Citation Number : TS-1449-ITAT-2018(Mum)-TP
- Tax Payer : Sodexo Food Solutions India Private Limited
ITAT: Rules on comparables for Microsoft-India, Excludes companies undertaking R&D for software development
- In Favour of Both, Partially
- Citation Number : TS-133-ITAT-2019(DEL)-TP
- Tax Payer : Microsoft India (R &D) Pvt Ltd
ITAT: Upholds internal-CUP for benchmarking SDT of inter-units power transfer; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-132-ITAT-2019(Kol)-TP
- Tax Payer : Electrosteel Castings Ltd
ITAT: Fixes guarantee fee ALP at 0.5%, comfort fee ALP at 0.1%; Follows precedents
- In Favour of Assessee
- Citation Number : TS-131-ITAT-2019(Mum)-TP
- Tax Payer : Zee Entertainment Enterprises Limited
ITAT: Rejects TPO’s internal-CUP for benchmarking sale transaction absent accurate comparability; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-129-ITAT-2019(Ahd)-TP
- Tax Payer : Gulbrandsen Chemicals Pvt Ltd
ITAT: Prefers assessee’s internal-TNMM over TPO’s internal-CUP for benchmarking sale transaction
- In Favour of Assessee
- Citation Number : TS-128-ITAT-2019(Ahd)-TP
- Tax Payer : Gulbrandsen Chemicals Pvt Ltd
ITAT: Upholds LIBOR based interest-rate for benchmarking AE-loan; Deletes TP-adjustment on corporate guarantee
- In Favour of Assessee
- Citation Number : TS-127-ITAT-2019(Mum)-TP
- Tax Payer : Everest Kanto Cylinder Ltd
ITAT: Excludes Accentia, Infosys-BPO, E-Clerx, Cosmic-Global for BPO-service provider; Follows e4e-Business ruling
- In Favour of Assessee
- Citation Number : TS-126-ITAT-2019(Bang)-TP
- Tax Payer : Brady Company India Pvt Ltd