Updates ( 9041 results )

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ITAT:Quashes final assessment order passed sans draft order post-remand; Follows Lionbridge HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-42-ITAT-2019(PUN)-TP
  • Tax Payer : Brintons Carpets Asia Private Limited

ITAT:Grants Lehman Brothers another chance to justify its adoption of PSM; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-39-ITAT-2019(Mum)-TP
  • Tax Payer : Lehman Brothers Securities Pvt Ltd

ITAT: Rules on comparables-selection; Stresses on independent evaluation of comparables and FAR-analysis

  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2019(DEL)-TP
  • Tax Payer : Fluor Daniel India Pvt Ltd

ITAT: Allows assessee’s appeal withdrawal considering resolution of TP-issues under Bilateral-APA

  • In Favour of Assessee
  • Citation Number : TS-37-ITAT-2019(Bang)-TP
  • Tax Payer : ANZ Support Services India Private Limited

ITAT: Deletes secondary adjustment on business-sale to AE; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-36-ITAT-2019(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Private Limited

ITAT:Deletes Sec 271(1)(c)-penalty; Considers law on multiple year data use pre-2007, debatable issue

  • In Favour of Assessee
  • Citation Number : TS-35-ITAT-2019(DEL)-TP
  • Tax Payer : Giesecke & Devrient India Pvt Ltd

ITAT:Accepts assessee’s TNMM for benchmarking sale transaction; Deletes TP-adjustment & consequent Sec. 271AA-penalty

  • In Favour of Assessee
  • Citation Number : TS-1403-ITAT-2018(DEL)-TP
  • Tax Payer : Mahashian Di Hatti Ltd

ITAT: Deletes L’Oreal’s AMP-adjustment absent agreement to share/reimburse AMP-expenses with AE

  • In Favour of Both, Partially
  • Citation Number : TS-34-ITAT-2019(Mum)-TP
  • Tax Payer : L’Oreal India Pvt Ltd

ITAT: Deletes AMP-adjustment on protective basis, BLT unsustainable; Follows Sony HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-33-ITAT-2019(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd

ITAT: Upholds CIT(A)-order adopting TNMM for benchmarking sale transaction; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1402-ITAT-2018(Mum)-TP
  • Tax Payer : Garware Polyster Ltd

ITAT: Rejects Accentia, E-clerx, Mold-Tech and Acropetal for ITeS-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2019(Mum)-TP
  • Tax Payer : Capital India Private Ltd

ITAT: Upholds intra-group services TP-adjustment citing failure to demonstrate service receipt; Distinguishes Cushman & Wakefield

  • In Favour of Revenue
  • Citation Number : TS-31-ITAT-2019(Bang)-TP
  • Tax Payer : DRHL India Services P Ltd

ITAT:Deletes AMP-adjustment; BMW India’s AMP-expense for its sales promotion, not AE brand promotion

  • In Favour of Both, Partially
  • Citation Number : TS-30-ITAT-2019(DEL)-TP
  • Tax Payer : BMW India Private Ltd

ITAT: Accepts assessee’s price under software-distribution segment as ALP, rejects TPO’s cost reallocation

  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2019(PUN)-TP
  • Tax Payer : Triple Point Technology (India) Pvt Ltd

ITAT: Remits issue of aggregation/segregation of software trading and development segments for Siemens-Industry

  • In Favour of Both, Partially
  • Citation Number : TS-28-ITAT-2019(DEL)-TP
  • Tax Payer : Siemens Industry Software (India) Pvt Ltd (Formerly known as Product Lifecycle Management Software (India) Pvt Ltd)

ITAT: Applies margin under US/Canada MAP to transactions with UK/Australia AEs; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-27-ITAT-2019(Bang)-TP
  • Tax Payer : Textron India Pvt Ltd

ITAT: Rejects Sec 92C second-proviso applicability to assessment order passed before 01/10/2009; Remits MAM-selection

  • In Favour of Both, Partially
  • Citation Number : TS-26-ITAT-2019(Bang)-TP
  • Tax Payer : TE Connectivity India Pvt

ITAT: Directs benchmarking of guarantee commission at 1% of outstanding guarantee; Follows earlier years order

  • In Favour of Both, Partially
  • Citation Number : TS-1401-ITAT-2018(Kol)-TP
  • Tax Payer : National Engineering Industries Ltd

ITAT: Remits TP-adjustment for de-novo consideration to examine assessee manufacturer’s documentary evidence

  • In Favour of Assessee
  • Citation Number : TS-1400-ITAT-2018(CHNY)-TP
  • Tax Payer : L G Balakrishnan & Bros Limited

ITAT:Upholds LIBOR for benchmarking foreign-currency AE-loans; Holds corporate guarantee not 'international transaction'

  • In Favour of Assessee
  • Citation Number : TS-1399-ITAT-2018(Kol)-TP
  • Tax Payer : Rohit Ferro Tech Ltd