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ITAT: Adopts LIBOR+200bps as interest free AE-advances ALP; Corporate guarantee, international transaction, post-2012

  • In Favour of Both, Partially
  • Citation Number : TS-1330-ITAT-2018(HYD)-TP
  • Tax Payer : BS Ltd

ITAT: Forex-gains operating item, rejects Revenue’s Safe Harbour Rules reliance; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1329-ITAT-2018(DEL)-TP
  • Tax Payer : Vaildor Capital India Pvt Ltd

ITAT:Sets aside DRP’s ex-parte order absent sufficient hearing opportunity provided to assessee

  • In Favour of Assessee
  • Citation Number : TS-1327-ITAT-2018(Bang)-TP
  • Tax Payer : WEG Industries (India) Pvt. Ltd

ITAT:Hedging-loss on derivative contract, not international transaction, but can be disallowed u/s 37

  • In Favour of Assessee
  • Citation Number : TS-1326-ITAT-2018(Mum)-TP
  • Tax Payer : Aries Agro Ltd

ITAT: Excludes 6 comparables for software-developer; Directs grant of working-capital adjustment on actuals

  • In Favour of Assessee
  • Citation Number : TS-1325-ITAT-2018(Bang)-TP
  • Tax Payer : Salesforce.com India P Ltd

ITAT: Quashes AO’s final-order passed without incorporating DRP's directions; Distinguishes H & M Hennes & Mauritz ruling

  • In Favour of Assessee
  • Citation Number : TS-1324-ITAT-2018(Bang)-TP
  • Tax Payer : Flextronics Technologies (India) Private Limited

ITAT: Rules on comparable selection for software-developer; Excludes Bodhtree owing to drastic profit-variation

  • In Favour of Assessee
  • Citation Number : TS-1323-ITAT-2018(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltd

ITAT: Applies 10 times turnover range to exclude 3 comparables; Follows Acusis HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-2-ITAT-2019(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited (for the merged entity Wyse Technology Software Development India Private Li

ITAT: Minor difference in assessee & TPO’s ALP, not basis for Sec 271(1)(c)-penalty levy

  • In Favour of Assessee
  • Citation Number : TS-1322-ITAT-2018(JPR)-TP
  • Tax Payer : Vaibhav Global Ltd (Earlier known as Vaibhav Gems Ltd.)

ITAT: Includes ICRA Management Consultancy as comparable for investment advisor; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1321-ITAT-2018(Mum)-TP
  • Tax Payer : TPG Capital India Private Limited (As a successor to TPG Growth Advisors (India) Private Limited)

ITAT: Adopts 0.5% as guarantee commission ALP; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-1-ITAT-2019(Mum)-TP
  • Tax Payer : Apar Industries Limited

ITAT:Accepts assessee's Rule 27-Application; AO’s TP-adjustments lack jurisdiction absent mandatory TPO reference

  • In Favour of Assessee
  • Citation Number : TS-1320-ITAT-2018(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Private Limited

ITAT:Excludes Accentia & Cat Technologies for medical transcription service provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1319-ITAT-2018(DEL)-TP
  • Tax Payer : Transcend India Pvt. Ltd

ITAT: Excludes 4 comparables; Rejects CIT(A)’s denial of working-capital adjustment citing data non-availability

  • In Favour of Assessee
  • Citation Number : TS-1318-ITAT-2018(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd

ITAT: No further profit-attribution needed when commission earned from Indian subsidiary at ALP

  • In Favour of Assessee
  • Citation Number : TS-1317-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Advertising (Mauritius) SNC et Compagnie (Earlier known as ESPN Star Sports Mauritius SNC. ET Compagnie)

ITAT:Rules on comparables in software & ITeS segments; Bad debts, forex-fluctuation, operating item

  • In Favour of Both, Partially
  • Citation Number : TS-1316-ITAT-2018(HYD)-TP
  • Tax Payer : Ivy Comptech Pvt Ltd

ITAT: Allows RPM for distributor-assessee; Rejects exclusion of import-duty from purchase price

  • In Favour of Both, Partially
  • Citation Number : TS-1315-ITAT-2018(DEL)-TP
  • Tax Payer : GE India Industrial Private Limited

ITAT: Upholds TP-adjustment deletion for ITC's international transactions with onsite marketing subsidiaries; Follows HC-order

  • In Favour of Assessee
  • Citation Number : TS-1314-ITAT-2018(Kol)-TP
  • Tax Payer : I T C Infotech India Ltd

ITAT: Excludes 4 comparables for software developer; Deletes notional interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-1313-ITAT-2018(DEL)-TP
  • Tax Payer : Pitney Bowes Software India Pvt Ltd

ITAT: Rejects separate adjustment for interest on receivables; Excludes 3 functionally dissimilar comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1311-ITAT-2018(HYD)-TP
  • Tax Payer : EPAM Systems India Pvt Ltd