Updates ( 9041 results )

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ITAT:Recalls Tribunal-order for adjudicating assessee’s claim for exclusion of ICRA-Online

  • In Favour of Assessee
  • Citation Number : TS-98-ITAT-2019(Bang)-TP
  • Tax Payer : Sitel Operating Corporation India Ltd (since amalgamated with Sitel India Private Limited)

ITAT: Directs application of margin agreed under MAP with UK/US to non-UK/US transactions

  • In Favour of Both, Partially
  • Citation Number : TS-97-ITAT-2019(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd (Erstwhile known as IBM Daksh Business Process Services Pvt. Ltd.)

HC:Allows Revenue's rectification application; No functional similarity between GAP & Li & Fung India

  • In Favour of Both, Partially
  • Citation Number : TS-1439-HC-2018(DEL)-TP
  • Tax Payer : Gap International Sourcing India Pvt Ltd

ITAT: Remits 5 comparables for ITeS-provider for consideration of assessee’s submissions

  • In Favour of Assessee
  • Citation Number : TS-94-ITAT-2019(Bang)-TP
  • Tax Payer : IHS Global Private Limited (formerly known as IHS Parts Managements Private Limited)

ITAT: Upholds TNMM for benchmarking exports; Sale to non-AEs not suitable internal-CUP

  • In Favour of Assessee
  • Citation Number : TS-93-ITAT-2019(Mum)-TP
  • Tax Payer : Firmenich Aromatics Production (India) Private Limited

ITAT: Deletes TP-adjustment on preference shares redemption; Accepts corporate guarantee ALP at 1%

  • In Favour of Assessee
  • Citation Number : TS-92-ITAT-2019(Mum)-TP
  • Tax Payer : Aegis Limited

ITAT: Deletes adjustment on loan, accepts assessee’s LIBOR+ 400 bps interest rate; Follows Precedents

  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2019(Mum)-TP
  • Tax Payer : Manugraph India Limited

ITAT: Deletes AMP adjustment on protective basis, BLT unsustainable; Follows earlier year orders

  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2019(DEL)-TP
  • Tax Payer : Nikon India Pvt Ltd

ITAT: Rejects aggregation of international & domestic segments for benchmarking IT-services; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2019(DEL)-TP
  • Tax Payer : Fujitsu India Pvt Ltd

HC:Dismisses Revenue’s appeal against ITAT-order on comparables, AE-receivables absent question of law

  • In Favour of Assessee
  • Citation Number : TS-88-HC-2019(DEL)-TP
  • Tax Payer : INDUCTIS (INDIA) PVT LTD

ITAT: Rules on comparables for ITeS and software segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-87-ITAT-2019(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd

ITAT:Corporate guarantee, ‘international transaction’, but bank-quotes not suitable benchmark; Remits TP-adjustment on SDT

  • In Favour of Assessee
  • Citation Number : TS-86-ITAT-2019(DEL)-TP
  • Tax Payer : JE Energy Venture Private Ltd (formerly known as Jubilant Energy Pvt. Ltd.)

ITAT:Rejects additional-evidence admission to decide TP-adjustment on reimbursements citing doubts on genuineness/ relevance

  • In Favour of Revenue
  • Citation Number : TS-85-ITAT-2019(DEL)-TP
  • Tax Payer : CEC International Corporation (India) Private Limited

ITAT: Remits TP-adjustment of mark-up on cost-to-cost reimbursements by AE; Upholds CUP-method

  • In Favour of Both, Partially
  • Citation Number : TS-84-ITAT-2019(DEL)-TP
  • Tax Payer : Vedanta Limited (successor to Cairn India Ltd)

SC: Dismisses Revenue's SLP on HC-order confirming stay extension, considers main-appeal decided by Tribunal

  • In Favour of Assessee
  • Citation Number : TS-83-SC-2019-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd

ITAT: Remits capacity adjustment while benchmarking export transaction; Follows Petro Araldite, Claas India rulings

  • In Favour of Both, Partially
  • Citation Number : TS-82-ITAT-2019(Bang)-TP
  • Tax Payer : SKF Technologies India Private Limited (Formerly known as SKF Sealing Solutions Private Limited

ITAT:Rules on comparables for business-support services; Accepts assessee's < 50 manufacturing/trading income filter

  • In Favour of Both, Partially
  • Citation Number : TS-81-ITAT-2019(DEL)-TP
  • Tax Payer : Wolters Kluwer (India) Pvt Ltd

HC: Dismisses Revenue’s appeal; Refuses to interfere with ITAT’s fact finding on comparables

  • In Favour of Assessee
  • Citation Number : TS-80-HC-2019(BOM)-TP
  • Tax Payer : Honeywell Turbo (I) Pvt Ltd

ITAT: Upholds TNMM over CPM for benchmarking transactions in equipment division; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2019(PUN)-TP
  • Tax Payer : Alfa Laval India Ltd

ITAT: Deletes TP-adjustment on cost reimbursements, classifies agreement with AE as ‘retainer'; Follows Merck ruling

  • In Favour of Assessee
  • Citation Number : TS-78-ITAT-2019(Mum)-TP
  • Tax Payer : UT Worldwide India Private Ltd