Updates ( 9041 results )
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
ITAT: Upholds 6 commission to AE at ALP considering e-mail exchanges demonstrate service receipt
- In Favour of Assessee
- Citation Number : TS-121-ITAT-2019(PUN)-TP
- Tax Payer : Tata Technologies Limited
ITAT: Deletes TP-adjustment on machinery import; Considers customs authorities acceptance of import-price
- In Favour of Both, Partially
- Citation Number : TS-1446-ITAT-2018(DEL)-TP
- Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)
ITAT: Rejects ad-hoc disallowance of intra-group services when cost-allocation certified by independent accountant
- In Favour of Assessee
- Citation Number : TS-120-ITAT-2019(Mum)-TP
- Tax Payer : Abbott Healthcare Private Limited
HC: Dismisses assessee’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling
- In Favour of Revenue
- Citation Number : TS-1445-HC-2018(KAR)-TP
- Tax Payer : SAP India Private Limited
ITAT: Remits intra-group services TP-adjustment; Directs assessee to establish service receipt
- In Favour of Both, Partially
- Citation Number : TS-119-ITAT-2019(PUN)-TP
- Tax Payer : Aquatech Systems (Asia) Pvt Ltd
ITAT:Deletes TP-addition; Management Services Unit charges distinct from support services
- In Favour of Assessee
- Citation Number : TS-1444-ITAT-2018(DEL)-TP
- Tax Payer : B G India Energy Solutions P Ltd
ITAT: Determines 1 as guarantee-fee ALP, LIBOR+300 bps interest benchmark for AE-loan; Follows earlier-order
- In Favour of Both, Partially
- Citation Number : TS-1443-ITAT-2018(DEL)-TP
- Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)