Updates ( 9041 results )
ITAT: Restricts guarantee-fee ALP to 0.9%; Adopts LIBOR for benchmarking interest on AE-loan
- In Favour of Assessee
- Citation Number : TS-1397-ITAT-2018(Mum)-TP
- Tax Payer : Technocraft Industries (India) Ltd
ITAT: Rules on comparables selection for Conexant Systems; Follows various rulings
- In Favour of Both, Partially
- Citation Number : TS-1396-ITAT-2018(HYD)-TP
- Tax Payer : Conexant Systems Pvt Ltd
SC:Sets-aside HC-order deleting consultancy charges TP-adjustment absent independent evaluation of Revenue’s case
- In Favour of Both, Partially
- Citation Number : TS-21-SC-2019-TP
- Tax Payer : Reliance Industries Ltd
HC: Upholds ITAT-order invalidating final assessment-order passed without draft order post-remand; Follows precedent
- In Favour of Assessee
- Citation Number : TS-1395-HC-2018(DEL)-TP
- Tax Payer : NT BACK OFFICE SERVICES PVT LTD (EARLIER KNOWN AS GLOBERIAN INDIA PVT. LTD.)
HC: Admits appeal against inclusion of 2 comparables for manufacturer-assessee
- In Favour of Revenue
- Citation Number : TS-1394-HC-2018(GUJ)-TP
- Tax Payer : BUNDY INDIA LIMITED
HC: Dismisses Revenue’s appeal; Discusses principles on ‘substantial question of law’ for comparables-selection
- In Favour of Assessee
- Citation Number : TS-1393-HC-2018(MAD)-TP
- Tax Payer : Saipem India Projects Limited
ITAT: Rules on comparables for IT/ ITeS provider; Includes Infosys-BPO absent acquisition impacting profitability
- In Favour of Both, Partially
- Citation Number : TS-1392-ITAT-2018(Bang)-TP
- Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd
HC: Upholds ITAT-order deleting corporate guarantee TP-adjustment; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-1391-HC-2018(BOM)-TP
- Tax Payer : Glenmark Pharmaceuticals Ltd
ITAT: Outstanding AE-receivables part of software-development services to AE; Separate ALP-determination not warranted
- In Favour of Both, Partially
- Citation Number : TS-1390-ITAT-2018(Bang)-TP
- Tax Payer : Sunquest Information Systems (India) Pvt. Ltd
HC: Expresses doubt on ITAT invoking TP-mechanism absent AO’s directions while deciding Sec 36(1)(iii)-interest allowability
- In Favour of Both, Partially
- Citation Number : TS-20-HC-2019(BOM)-TP
- Tax Payer : Piramal Glass Pvt Ltd
ITAT: Directs fresh benchmarking for software-services applying subsequent year’s scientifically correct methodology
- In Favour of Both, Partially
- Citation Number : TS-19-ITAT-2019(Bang)-TP
- Tax Payer : Synova Innovative Technologies Pvt. Ltd
ITAT: Allows technical-fees as revenue expenditure; Rejects Nil-ALP citing 'commensurate with income' test failure
- In Favour of Assessee
- Citation Number : TS-18-ITAT-2019(DEL)-TP
- Tax Payer : Michelin India Tyres Pvt. Ltd
ITAT: Confines TP-adjustment only to international transactions with AEs; Follows jurisdictional HC-rulings
- In Favour of Assessee
- Citation Number : TS-16-ITAT-2019(Mum)-TP
- Tax Payer : Damco India Private Limited
ITAT: Deletes AMP-adjustment for confectionary manufacturer; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-15-ITAT-2019(DEL)-TP
- Tax Payer : Wrigley India Pvt Ltd
ITAT: Restores adjustment on AE-receivables; Adopts LIBOR+ markup & 0.5% as AE-loan & guarantee ALP
- In Favour of Assessee
- Citation Number : TS-1123-ITAT-2017(Mum)-TP
- Tax Payer : Piramal Glass Ltd (earlier known as ‘Gujarat Glass Pvt Ltd’)
ITAT: Deletes Sony-India’s AMP-adjustment; MA pendency against Sony-Ericsson ruling insufficient for contrary view
- In Favour of Assessee
- Citation Number : TS-13-ITAT-2019(DEL)-TP
- Tax Payer : Sony India Pvt Ltd
ITAT:Remits comparables issue for ornamental-trimmings manufacturer, directs selection of similar product companies
- In Favour of Both, Partially
- Citation Number : TS-12-ITAT-2019(CHNY)-TP
- Tax Payer : India Trimmings P Ltd
ITAT: Comparables chosen in previous years cannot be “whimsically rejected” absent functional profile change
- In Favour of Assessee
- Citation Number : TS-1388-ITAT-2018(Mum)-TP
- Tax Payer : Basell Polyolefins India Pvt Ltd
ITAT: Dismisses Revenue’s appeal on comparables selection issue in view of APA resolution
- In Favour of Assessee
- Citation Number : TS-1387-ITAT-2018(Bang)-TP
- Tax Payer : Fair Issac India Software Pvt Ltd
ITAT:Accepts RPM for retail trader at airports’ duty free shops; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-11-ITAT-2019(Mum)-TP
- Tax Payer : Airport Retail P Ltd (Formerly Known as M/s. Alpha Future Airport Retail P. Ltd.)