Updates ( 9041 results )

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ITAT: Rejects entity-level benchmarking for ALP determination; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1138-ITAT-2018(DEL)-TP
  • Tax Payer : CSR Technology (India) Pvt Ltd

ITAT:Confirms Sec 271(1)(c)-penalty deletion as PLI & multiple year data issues ‘debatable' for AY 2003-04

  • In Favour of Assessee
  • Citation Number : TS-1137-ITAT-2018(DEL)-TP
  • Tax Payer : Kyungshin Industrial Motherson Ltd

ITAT: Recalls ex-parte DRP-order; Remits TP-issue for de-novo adjudication to DRP

  • In Favour of Both, Partially
  • Citation Number : TS-1136-ITAT-2018(CHNY)-TP
  • Tax Payer : MMC Healthcare Limited

ITAT: Quashes TP-reassessment orders for foreign partnership firm as not ‘eligible assessee’; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1135-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Advertising (Mauritius) SNC et Compagnie(earlier known as ESPN Star Sports Mauritius S.N.C Et Compagnie)

HC: Upholds ITAT-order deleting disallowance towards price support paid to related parties

  • In Favour of Assessee
  • Citation Number : TS-1113-HC-2017(DEL)-TP
  • Tax Payer : Pepsi Foods Private Limited

ITAT: Operation comparability relevant for RPM, not product similarity; Rejects TPO's TNMM

  • In Favour of Assessee
  • Citation Number : TS-1134-ITAT-2018(Bang)-TP
  • Tax Payer : Pepperl & Fuchs (India) Pvt Ltd

ITAT:Upholds CIT’s revisionary jurisdiction absent AO’s enquiry regarding assessee’s specified domestic transactions

  • In Favour of Revenue
  • Citation Number : TS-1132-ITAT-2018(COCH)-TP
  • Tax Payer : Hycon India Private Ltd

ITAT:Remits AMP-adjustment for confectionary products manufacturer; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-1131-ITAT-2018(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Private Limited

ITAT: CIT(A) not prohibited in directing AO to verify TP-adjustment computation; Dismisses Revenue’s ground

  • In Favour of Both, Partially
  • Citation Number : TS-1130-ITAT-2018(DEL)-TP
  • Tax Payer : Motorola India Pvt Ltd

ITAT: Remits AMP-adjustment following earlier-order; Restores comparables selection in pre-sales support segment

  • In Favour of Both, Partially
  • Citation Number : TS-1129-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt. Ltd

ITAT: Excludes abnormal wastage in initial operation year from assessee’s PLI; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1128-ITAT-2018(PUN)-TP
  • Tax Payer : Grupo Antolin India Pvt. Ltd (Erstwhile known as Grupo Antolin Pune Pvt. Ltd)

ITAT:Excludes Cox & Kings as comparable for assessee’s tourism services, Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1123-ITAT-2018(Bang)-TP
  • Tax Payer : Enchanting Travels Pvt Ltd

ITAT:Rejects Cosmic Global as comparable for back-office support service provider; Follows Xchanging ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1122-ITAT-2018(DEL)-TP
  • Tax Payer : Integreon (India) Private Ltd

ITAT:Accepts assessee’s contention to include 6 comparables following principle of consistency

  • In Favour of Assessee
  • Citation Number : TS-1121-ITAT-2018(DEL)-TP
  • Tax Payer : De La Rue Cash Processing Solutions India Pvt Ltd

ITAT: Companies providing KPO services, outsourcing work not comparable to ITES provider

  • In Favour of Both, Partially
  • Citation Number : TS-1120-ITAT-2018(Mum)-TP
  • Tax Payer : Swiss Re- services India Pvt Ltd

ITAT: Remits comparable selection and ALP-computation for assessee's content development service

  • In Favour of Both, Partially
  • Citation Number : TS-1119-ITAT-2018(DEL)-TP
  • Tax Payer : Element K India Pvt Ltd

ITAT:Upholds AE-loan as foreign currency loan; Advancing loan from Indian account, irrelevant

  • In Favour of Assessee
  • Citation Number : TS-1118-ITAT-2018(DEL)-TP
  • Tax Payer : Siegwerk India Pvt Ltd

ITAT:Remits ALP-determination as assessee accepted recharacterization as engineering design service provider

  • In Favour of Both, Partially
  • Citation Number : TS-1117-ITAT-2018(CHNY)-TP
  • Tax Payer : GE Power Conversion India Private Limited, (Successor to GE Power Conversion Technology Pvt Ltd)

ITAT: Remits depreciation disallowance considering ALP-determination of trademark purchase remanded in earlier AY

  • In Favour of Both, Partially
  • Citation Number : TS-1116-ITAT-2018(DEL)-TP
  • Tax Payer : Fabindia Overseas Pvt Ltd

HC: Dismisses Revenue's appeal on comparable selection for provider of investment advisory services

  • In Favour of Assessee
  • Citation Number : TS-1115-HC-2018(BOM)-TP
  • Tax Payer : Arisaig Partner India Pvt Ltd