Updates ( 9041 results )

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ITAT: Deletes AMP, royalty TP-adjustments following earlier orders; Remits intra-group services TP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-1288-ITAT-2018(Mum)-TP
  • Tax Payer : Mondelez India Foods Pvt Ltd (Formerly known as M/s. Cadbury India Ltd.)

ITAT: Excludes 3 functionally dissimilar comparables in assessee’s technical support services segment

  • In Favour of Assessee
  • Citation Number : TS-1287-ITAT-2018(DEL)-TP
  • Tax Payer : Kyocera Asia Pacific India Pvt Ltd

ITAT: Rules on comparables for ITeS-provider; Directs AO to compute revised TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1286-ITAT-2018(DEL)-TP
  • Tax Payer : Eigen Technical Services Pvt Ltd

ITAT: Rules on comparables selection for investment-advisor, Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1285-ITAT-2018(Mum)-TP
  • Tax Payer : Carlyle India Advisors Pvt Ltd

ITAT: Remits TP-benchmarking of corporate guarantee & interest on AE-loan transactions

  • In Favour of Both, Partially
  • Citation Number : TS-1284-ITAT-2018(Bang)-TP
  • Tax Payer : Sasken Technologies Ltd

ITAT:Quashes reassessment post SC-order holding reassessment notice alleging PE as unsustainable

  • In Favour of Assessee
  • Citation Number : TS-1283-ITAT-2018(DEL)-TP
  • Tax Payer : Honda Motor Co Ltd

ITAT: Includes SIP Technologies as comparable for software developer, rejects Revenue’s persistent loss-maker claim

  • In Favour of Assessee
  • Citation Number : TS-1282-ITAT-2018(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Pvt Ltd

ITAT: Remits DRP’s cryptic order on comparables selection for investment advisory service provider

  • In Favour of Assessee
  • Citation Number : TS-1281-ITAT-2018(DEL)-TP
  • Tax Payer : Wolfensohn India Advisors Pvt Ltd

ITAT: Functionally similar company cannot be excluded, merely for following different accounting-year; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1280-ITAT-2018(Mum)-TP
  • Tax Payer : Maersk Global Service Centre India Pvt Ltd

ITAT: Corporate guarantee not international transaction pre-2012; Upholds LIBOR for benchmarking foreign-currency AE-loans

  • In Favour of Assessee
  • Citation Number : TS-1279-ITAT-2018(Kol)-TP
  • Tax Payer : Britannia Industries Ltd

ITAT:Deletes TP-adjustment on RBI/SIA approved royalty payment to AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1278-ITAT-2018(PUN)-TP
  • Tax Payer : Spicer India Pvt Ltd (Formerly known as Spicer India Ltd.)

ITAT:Upholds TP-adjustment deletion on corporate guarantee & AE-loan; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1277-ITAT-2018(Kol)-TP
  • Tax Payer : Manaksia Ltd

ITAT: Excludes 2 functionally dissimilar companies for software developer; Includes 1 non-persistent loss maker

  • In Favour of Assessee
  • Citation Number : TS-1276-ITAT-2018(PUN)-TP
  • Tax Payer : SAS Research and Development (India) Pvt Ltd

ITAT: Confirms DRP-order holding foreign partnership firm as not ‘eligible assessee’ u/s 144C

  • In Favour of Assessee
  • Citation Number : TS-1275-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Distribution (Mauritius) S.C.N.E.T. Companie

ITAT: Upholds DRP-order treating foreign partnership firm as non-eligible assessee u/s 144C; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1273-ITAT-2018(DEL)-TP
  • Tax Payer : ESPN Star Sports Mauritius SNC et Companie

ITAT: Rules on comparables selection for ITeS-provider; Rejects TPO’s negative working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1272-ITAT-2018(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd

ITAT:Confirms concealment penalty deletion as TP-addition deleted in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-1271-ITAT-2018(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Pvt Ltd

ITAT: Excludes 9 comparables for software-developer, directs consideration of segmental results for Megasoft

  • In Favour of Both, Partially
  • Citation Number : TS-1270-ITAT-2018(Bang)-TP
  • Tax Payer : NI Systems (India) Pvt Ltd

ITAT:Remits ALP-determination of international transaction citing TPO/DRP’s non-consideration of assessee’s comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1269-ITAT-2018(Kol)-TP
  • Tax Payer : Foster Wheeler Bengal Pvt Ltd (merged with Amec Foster Wheeler India Pvt. Ltd.)

HC: Corrigendum can’t correct draft order non-issuance; Assessee not estopped from challenging AO’s jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-1267-HC-2018(BOM)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd