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ITAT: Functionality, key determinative factor for comparables selection, consent on acceptance/rejection by parties irrelevant

  • In Favour of Both, Partially
  • Citation Number : TS-77-ITAT-2019(DEL)-TP
  • Tax Payer : Nokia Siemens Networks India

HC: Upholds ITAT-order deleting TP-adjustment on corporate guarantee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-75-HC-2019(BOM)-TP
  • Tax Payer : Asian Paints Ltd

ITAT: Excludes 5 comparables for courseware content developer; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2019(DEL)-TP
  • Tax Payer : Element K India Pvt Ltd

ITAT: Adopts TNMM over CUP for contract manufacturer’s AE-exports, Follows Amphenol Interconnect ruling

  • In Favour of Assessee
  • Citation Number : TS-73-ITAT-2019(PUN)-TP
  • Tax Payer : A. Raymond Fasteners Pvt Ltd

HC:Upholds ITAT-order denying depreciation adjustment on account of capacity underutilization; Follows Softbrands

  • In Favour of Revenue
  • Citation Number : TS-1438-HC-2018(KAR)-TP
  • Tax Payer : Indigra Exports Pvt Ltd

HC: Dismisses assessee’s appeal against selection of CPM as MAM for contract-manufacturer; Follows Softbrands

  • In Favour of Revenue
  • Citation Number : TS-1437-HC-2018(KAR)-TP
  • Tax Payer : Wipro GE Healthcare Private Limited (for the merged entity) GE Medical Systems India Private Limited

HC: Stays TPO-reference on grounds of CBDT Circular 3/2016 violation, issues notice to Department

  • In Favour of Assessee
  • Citation Number : TS-72-HC-2019(DEL)-TP
  • Tax Payer : Infonox Software Private Limited

ITAT: Dismisses assessee’s MP against ITAT’s non-adjudication of comparable, CIT(A)’s exclusion stands good

  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2019(Bang)-TP
  • Tax Payer : Winphoria Networks India Pvt Ltd

ITAT: Remits ALP-determination of Canon India’s AMP-expenses ; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-70-ITAT-2019(DEL)-TP
  • Tax Payer : Canon India Pvt Ltd

ITAT: Accepts assessee’s interest-payment to domestic holding company as at ALP; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-69-ITAT-2019(Mum)-TP
  • Tax Payer : DLF Infopark (Pune) Limited

ITAT: Upholds DRP’s exclusion of Acropetal and Jeevan Scientific Technology for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2019(Bang)-TP
  • Tax Payer : C-Cube Solutions Pvt Ltd

ITAT:Quashes assessment order passed in name of non-existent amalgamated entity; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2019(DEL)-TP
  • Tax Payer : Vedanta Ltd [Successor to Cairn India Ltd]

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1436-HC-2018(KAR)-TP
  • Tax Payer : WINPHORIA NETWORKS INDIA PVT. LTD., (SINCE MERGED WITH MOTOROLA INDIA PVT LTD.,)

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1435-HC-2018(KAR)-TP
  • Tax Payer : Marvel India Pvt Ltd

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1434-HC-2018(KAR)-TP
  • Tax Payer : CERNER HEALTHCARE SOLUTIONS PVT LTD

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1433-HC-2018(KAR)-TP
  • Tax Payer : Business Process Outsourcing (India) Pvt Ltd

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1432-HC-2018(KAR)-TP
  • Tax Payer : THOUGHT WORKS TECHNOLOGIES INDIA PRIVATE LIMITED

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1431-HC-2018(KAR)-TP
  • Tax Payer : THOUGHT WORKS TECHNOLOGIES INDIA PRIVATE LIMITED

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Assessee
  • Citation Number : TS-1430-HC-2018(KAR)-TP
  • Tax Payer : Sunquest Information Systems (India) Private Limited

HC: Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1429-HC-2018(KAR)-TP
  • Tax Payer : MICROCHIP TECHNOLOGY (INDIA) PRIVATE LIMITED