Updates ( 9041 results )

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ITAT: Rejects TPO’s OP/Marketing cost for marketing fees ALP-determination; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1265-ITAT-2018(Mum)-TP
  • Tax Payer : first source Solutions Ltd (formerly Customer Asset India P. Ltd)

ITAT:Restores TP-issue to CIT(A) citing cryptic, non-speaking order on comparables selection

  • In Favour of Revenue
  • Citation Number : TS-1264-ITAT-2018(Kol)-TP
  • Tax Payer : Steel Plus Limited

ITAT: Can’t lower RPT-filter by excluding expense reimbursement; Rules on comparables for BPO-provider

  • In Favour of Both, Partially
  • Citation Number : TS-1263-ITAT-2018(HYD)-TP
  • Tax Payer : Knoah Solutions Pvt Ltd

HC: Dismisses Revenue’s appeal; Draft assessment-order necessary even after proceedings remanded by ITAT

  • In Favour of Assessee
  • Citation Number : TS-1260-HC-2018(BOM)-TP
  • Tax Payer : Andrew Telecommunications P Ltd

ITAT:Grants stay on demand arising from TP-adjustment after adjusting 20 pending refund

  • In Favour of Assessee
  • Citation Number : TS-1255-ITAT-2018(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited

ITAT: Remits comparables selection, working-capital, risk adjustment claims in ITeS & Assembly segments

  • In Favour of Both, Partially
  • Citation Number : TS-1254-ITAT-2018(CHNY)-TP
  • Tax Payer : Cameron Manufacturing India Pvt Ltd

ITAT:Excludes Govt.-owned companies; Stresses on business-model similarity in addition to functional similarity

  • In Favour of Assessee
  • Citation Number : TS-1253-ITAT-2018(DEL)-TP
  • Tax Payer : Boeing International Corporation India Pvt. Ltd

ITAT: Remands comparables, capacity adjustment & royalty benchmarking issues for assessee-manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-1252-ITAT-2018(DEL)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd

ITAT: Excludes Infosys, Wipro Technologies for software developer; Holds forex-gain as operating item

  • In Favour of Assessee
  • Citation Number : TS-1249-ITAT-2018(DEL)-TP
  • Tax Payer : Global Logic India Ltd

ITAT: Allows additional evidence admission to decide PwC’s entity vs. transaction level adjustment issue

  • In Favour of Assessee
  • Citation Number : TS-1247-ITAT-2018(Kol)-TP
  • Tax Payer : PricewaterhouseCoopers Pvt Ltd

ITAT:Upholds CIT(A)-order quashing final assessment order passed sans draft order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1246-ITAT-2018(PUN)-TP
  • Tax Payer : East West Seeds Ltd

ITAT: Allows Revenue’s appeal withdrawal considering resolution of management services TP-adjustment under APA

  • In Favour of Assessee
  • Citation Number : TS-1245-ITAT-2018(Mum)-TP
  • Tax Payer : Gia India Laboratory Pvt Ltd

HC:Dismisses Revenue’s appeal on exclusion of comparables; Holds no question of law arises

  • In Favour of Assessee
  • Citation Number : TS-1244-HC-2018(BOM)-TP
  • Tax Payer : Principal Global Services Pvt Ltd

ITAT:Grants conditional stay on Rs.195cr demand arising due to TP-adjustment on AE-loan

  • In Favour of Assessee
  • Citation Number : TS-1241-ITAT-2018(Mum)-TP
  • Tax Payer : Bombay Rayon Holdings Ltd

ITAT: Rejects AMP-adjustment & alternative Sec 37-disallowance for Whirlpool, but permits modification post SC-outcome

  • In Favour of Assessee
  • Citation Number : TS-1240-ITAT-2018(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd

ITAT: Excludes comparables absent segmental information in software development & ITeS segments

  • In Favour of Both, Partially
  • Citation Number : TS-1239-ITAT-2018(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd

ITAT: Software distribution companies good comparables to TV channel distributor; Follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-1238-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International Pvt. Ltd

ITAT: Rejects AMP-adjustment for manufacturer-assessee but permits AO to modify order post SC-outcome

  • In Favour of Assessee
  • Citation Number : TS-1237-ITAT-2018(DEL)-TP
  • Tax Payer : Suzuki Motorcycles (I) Pvt Ltd

ITAT: Holds AMP-adjustment unsustainable but empowers AO to modify order post SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1236-ITAT-2018(DEL)-TP
  • Tax Payer : Valvoline Cummins Pvt Ltd

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

  • In Favour of Both, Partially
  • Citation Number : TS-1235-ITAT-2018(Mum)-TP
  • Tax Payer : SBI Macquarie Infrastructure Management Private Limited