Updates ( 9041 results )

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ITAT: Rejects TPO's CUP for sale transaction absent quantum, trade-relationship analysis; Upholds TNMM

  • In Favour of Assessee
  • Citation Number : TS-1442-ITAT-2018(Ahd)-TP
  • Tax Payer : Dishman Pharmaceuticals & Chemicals Ltd

ITAT: Upholds aggregation of transactions in trading-segment under TNMM, considers subsequent year’s approach

  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2019(PUN)-TP
  • Tax Payer : Endress+Hauser Flowtec (India) Pvt Ltd

ITAT: Rules on comparables for investment-advisor; Rejects export-filter absent assessee’s activities outside India

  • In Favour of Both, Partially
  • Citation Number : TS-117-ITAT-2019(Mum)-TP
  • Tax Payer : Carlyle India Advisors Private Limited

HC:HDFC Bank’s non-convertible debentures purchase from domestic group-entity not SDT u/s 40A(2)(b); Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1441-HC-2018(BOM)-TP
  • Tax Payer : HDFC Bank Ltd

ITAT: Dismisses MP as liberty to revive appeals, if issues unresolved by MAP, granted

  • In Favour of Revenue
  • Citation Number : TS-116-ITAT-2019(Bang)-TP
  • Tax Payer : Molex India Ltd

ITAT: No separate adjustment on AE-receivables required when working capital adjustment granted

  • In Favour of Assessee
  • Citation Number : TS-113-ITAT-2019(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd

ITAT:Rejects Kerala State Industrial Corp for ground, passenger handling service provider

  • In Favour of Assessee
  • Citation Number : TS-112-ITAT-2019(DEL)-TP
  • Tax Payer : Globe Ground India Pvt. Ltd

ITAT:Remits comparable selection for lubricant additives manufacturer, citing variation in industry, products etc.

  • In Favour of Assessee
  • Citation Number : TS-111-ITAT-2019(CHNY)-TP
  • Tax Payer : Indian Additives Ltd

ITAT:Finance cost exclusion from margins no reason to deny separate working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-110-ITAT-2019(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd (Meritor LVS India Pvt Ltd)

ITAT: Rules on comparables in software, marketing segments; Indenting activity not similar to marketing

  • In Favour of Both, Partially
  • Citation Number : TS-1440-ITAT-2018(Bang)-TP
  • Tax Payer : Autodesk India Private Ltd

HC: Admits Revenues appeal against ITAT’s exclusion of 6 comparables for software developer

  • In Favour of Revenue
  • Citation Number : TS-109-HC-2019(DEL)-TP
  • Tax Payer : Nokia Siemens Networks India Pvt. Ltd

ITAT: Merchant banker on different footing from investment-advisor, excludes Ladderup following precedents

  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2019(Mum)-TP
  • Tax Payer : Guggenheim Capital Management (Asia) Private Limited

ITAT: Upholds CIT(A)’s exclusion of Infosys, Mindtree citing high turnover; Dismisses Revenue’s appeal

  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2019(PUN)-TP
  • Tax Payer : SAS Research and Development (I) Pvt Ltd

ITAT: Deletes Sec 271(1)(c)-penalty; Difference of opinion in comparables selection not concealment of income

  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2019(Mum)-TP
  • Tax Payer : QAD India Private Limited

ITAT: Excludes high turnover, software testing/ product companies for software developer; Denies capacity adjustment

  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2019(Bang)-TP
  • Tax Payer : Trianz Holdinqs Pvt Ltd

ITAT:Prefers TNMM over CUP for benchmarking receipt of advisory services; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2019(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Private Limited

ITAT:Upholds Rs.1-50cr turnover filter for benchmarking accounting services; Follows rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2019(Ahd)-TP
  • Tax Payer : Doshi Accounting Services Pvt Ltd

ITAT: Deletes Bausch & Lomb’s AMP-adjustment, intra-group services TP-adjustment; Follows HC-order in own case

  • In Favour of Both, Partially
  • Citation Number : TS-101-ITAT-2019(DEL)-TP
  • Tax Payer : Bausch & Lomb India Pvt Ltd

ITAT: Rules on comparables; Directs uniform application of DRP’s new filters to all comparables

  • In Favour of Both, Partially
  • Citation Number : TS-100-ITAT-2019(Bang)-TP
  • Tax Payer : Indecomm Global Services India Pvt Ltd (formerly known as IGS Imaging Services India Private Limited)

ITAT: Remands 6 comparables to TPO for fresh consideration for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-99-ITAT-2019(Bang)-TP
  • Tax Payer : Telsima Communications Pvt Ltd