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HC:Admits Revenue’s appeal challenging ITAT’s 'portfolio-approach' for benchmarking transactions

  • In Favour of Revenue
  • Citation Number : TS-1310-HC-2018(BOM)-TP
  • Tax Payer : Boskalis International Dredging International CV

ITAT: Rejects re-characterization of outstanding AE-receivables as loan pre-2012; Deletes notional interest addition

  • In Favour of Assessee
  • Citation Number : TS-1309-ITAT-2018(DEL)-TP
  • Tax Payer : Metlife Global Operations Support Center Private Ltd

ITAT: Deletes AMP-adjustment for distributor of medical implants; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1308-ITAT-2018(DEL)-TP
  • Tax Payer : Johnson & Johnson Ltd (On behalf of Synthes Medical Pvt. Ltd. Since Merged with Johnson & Johnson Ltd.)

ITAT: Excludes 7 comparables for software-developer citing functional dissimilarity, super-normal profits etc

  • In Favour of Assessee
  • Citation Number : TS-1307-ITAT-2018(DEL)-TP
  • Tax Payer : Lime Labs (I) Pvt Ltd

ITAT: Remits ALP-computation of management fees for verification in terms of MAP-resolution

  • In Favour of Both, Partially
  • Citation Number : TS-1306-ITAT-2018(Ahd)-TP
  • Tax Payer : Quintiles Data Processing Centre (India) Pvt Ltd

ITAT:Rejects Rediff.com; Online advertising services not at par with assessee's marketing support services

  • In Favour of Both, Partially
  • Citation Number : TS-1305-ITAT-2018(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine (India) Pvt Ltd

ITAT: Rules on comparables selection for investment advisory; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1304-ITAT-2018(Mum)-TP
  • Tax Payer : New Silk Route Advisors Pvt Ltd

ITAT:Upholds aggregation approach & remits ALP-determination for license, management fees payment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1302-ITAT-2018(Bang)-TP
  • Tax Payer : Adcock Ingram Limited

ITAT: Comparables cannot be rejected merely for following different-FY; Allows risk adjustment plea

  • In Favour of Assessee
  • Citation Number : TS-1301-ITAT-2018(DEL)-TP
  • Tax Payer : ST-ERICSSON India Pvt Ltd

ITAT: Allows Sec 10B deduction on voluntary TP-adjustment; Follows I Gate HC ruling

  • In Favour of Assessee
  • Citation Number : TS-1300-ITAT-2018(Ahd)-TP
  • Tax Payer : QX KPO Services Pvt Ltd

ITAT: Excludes 3 and includes 2 comparables for investment advisor citing functional dissimilarity/ similarity

  • In Favour of Both, Partially
  • Citation Number : TS-1298-ITAT-2018(Mum)-TP
  • Tax Payer : BLACKSTONE ADVISORS INDIA PVT LTD

ITAT:Deletes TP-adjustment on intra-group services, cost can’t be disturbed once segment margins accepted

  • In Favour of Both, Partially
  • Citation Number : TS-1297-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Technologies Pvt Ltd

ITAT: Direct marketing, sales related expenses etc. not part of AMP-expenses; Follows Sony-ruling

  • In Favour of Assessee
  • Citation Number : TS-1296-ITAT-2018(DEL)-TP
  • Tax Payer : Haier Appliances India Limited

ITAT: Accepts 0.5% as guarantee commission ALP; Follows Everest Kento HC ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1295-ITAT-2018(Mum)-TP
  • Tax Payer : UTV Software Communications Limited

HC: Directs ITAT to examine Cybermate's comparability, specially focusing on PTC-Software ruling applicability

  • In Favour of Both, Partially
  • Citation Number : TS-1294-HC-2018(BOM)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd

ITAT: Includes CGA-AVK as comparable for software developer; Treats forex-gain as operating income

  • In Favour of Both, Partially
  • Citation Number : TS-1293-ITAT-2018(Ahd)-TP
  • Tax Payer : Gateway Technolabs Pvt Ltd

ITAT: Upholds TPO’s negative working-capital adjustment for software developer; Rules on comparables selection

  • In Favour of Assessee
  • Citation Number : TS-1292-ITAT-2018(Bang)-TP
  • Tax Payer : Coreone Technologies India P Ltd (Formerly known :s Mis. Capco IT Services India P. Ltd)

ITAT:Sets aside DRP’s non-speaking, cryptic order on comparables selection; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-1291-ITAT-2018(Bang)-TP
  • Tax Payer : Dell International Services India P Ltd (Merged with Sonic Wall Info Security P. Ltd)

ITAT: Rules on comparables in ITeS/ Marketing-support segments; Rejects Nil-ALP for fixed assets purchase

  • In Favour of Both, Partially
  • Citation Number : TS-1290-ITAT-2018(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd

ITAT: Deletes TP-adjustment on reimbursement of Walmart Inc’s employees’ salaries; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1289-ITAT-2018(DEL)-TP
  • Tax Payer : WM India Technical & Consulting Pvt Ltd