Updates ( 8015 results )
HC: Dismisses Revenue’s appeal on AMP-adjustment, treatment of forex fluctuation in Samsung India
Aug 30, 2024
- In Favour of Assessee
- Citation Number : TS-376-HC-2024(DEL)-TP
- Tax Payer : Samsung India Electronics Pvt Ltd
HC: Dismisses Revenue's appeals w.r.t interest on receivables, TPO failed to examine Expl.(i)(c) to Sec.92B
Aug 30, 2024
- In Favour of Assessee
- Citation Number : TS-375-HC-2024(DEL)-TP
- Tax Payer : Global Logic India Pvt Ltd
ITAT: Extended time-limit for completing assessment u/s.144C unavailable sans TPO-reference, follows precedent
Aug 29, 2024
- In Favour of Assessee
- Citation Number : TS-373-ITAT-2024(CHNY)-TP
- Tax Payer : Ganesan Kannan
ITAT: TPO's comparables had high turnover, affirms deletion of adjustment qua software-staffing services
Aug 29, 2024
- In Favour of Assessee
- Citation Number : TS-374-ITAT-2024(CHNY)-TP
- Tax Payer : Encore IT Solutions Pvt Ltd
ITAT: Excludes 2 comparables in ITeS; Applies LIBOR+200 points as interest on receivables
Aug 28, 2024
- In Favour of Assessee
- Citation Number : TS-371-ITAT-2024(HYD)-TP
- Tax Payer : GD Research Center Pvt Ltd
HC: Hears Revenue's appeal, terms ITAT’s observations qua exclusion of comparable as ‘unexceptionable’
Aug 28, 2024
- In Favour of Assessee
- Citation Number : TS-372-HC-2024(DEL)-TP
- Tax Payer : Dakshin Private Limited (Formerly Known as M/S Sugam Vanijya Holdings Pvt Ltd)
ITAT: Deletes TP adjustment made in respect of bank guarantee fee; Follows earlier order
Aug 27, 2024
- In Favour of Assessee
- Citation Number : TS-369-ITAT-2024(Mum)-TP
- Tax Payer : Afcons Infrastructure Ltd
HC: Holds order u/s. 92CA(3) as barred by limitation; Follows Pfizer Healthcare ruling
Aug 27, 2024
- In Favour of Assessee
- Citation Number : TS-370-HC-2024(KAR)-TP
- Tax Payer : Tata Power Solar Systems Ltd
ITAT: Deletes TP-adjustments qua NIL ALP of management charges & interest on receivables
Aug 26, 2024
- In Favour of Assessee
- Citation Number : TS-367-ITAT-2024(DEL)-TP
- Tax Payer : Gates India (P) Ltd
ITAT: Upholds adjustment qua purchase, deletes adjustment made by recharacterizing abnormal cost as income
Aug 26, 2024
- In Favour of Both, Partially
- Citation Number : TS-368-ITAT-2024(CHNY)-TP
- Tax Payer : AVO Carbon India Pvt Ltd
ITAT: Directs AO/TPO to restrict TP-adjustment only to international transactions with AEs
Aug 23, 2024
- In Favour of Assessee
- Citation Number : TS-365-ITAT-2024(DEL)-TP
- Tax Payer : FIS Global Business Solutions India P. Ltd
ITAT: Holds final assessment order as time-barred; Follows precedent
Aug 23, 2024
- In Favour of Assessee
- Citation Number : TS-366-ITAT-2024(DEL)-TP
- Tax Payer : Syniverse Technologies Services (India) Pvt. Ltd.
ITAT: Rules on comparables-selection qua provision of ITeS, adopts interest on receivables @LIBOR+200
Aug 22, 2024
- In Favour of Both, Partially
- Citation Number : TS-363-ITAT-2024(HYD)-TP
- Tax Payer : S & P Capital IQ (India) Private Limited
ITAT: Assessment order not prejudicial to Revenue’s interest, sets aside revision u/s263
Aug 22, 2024
- In Favour of Assessee
- Citation Number : TS-364-ITAT-2024(Mum)-TP
- Tax Payer : MX Systems International Private Ltd
ITAT: Rules on comparables selection under project management & marketing support services segments
Aug 21, 2024
- In Favour of Both, Partially
- Citation Number : TS-362-ITAT-2024(DDN)-TP
- Tax Payer : Schlumberger Solutions Pvt Ltd
ITAT: Rejects NIL ALP qua IGS, notes Indian entity engaged considerable advantage
Aug 21, 2024
- In Favour of Both, Partially
- Citation Number : TS-361-ITAT-2024(DEL)-TP
- Tax Payer : American Express Banking Corp, (India Branch)
ITAT: Excludes comparables in ITeS, allows support services cost in case of Genpact Services
Aug 20, 2024
- In Favour of Assessee
- Citation Number : TS-359-ITAT-2024(DEL)-TP
- Tax Payer : Genpact Services LLC
HC: Dismisses Revenue’s appeal on selection of most appropriate method
Aug 20, 2024
- In Favour of Assessee
- Citation Number : TS-360-HC-2024(P & H)-TP
- Tax Payer : Willis Towers Watson India Pvt Ltd
ITAT: Accepts assessee’s plea for inclusion/exclusion of comparables in ITeS segment
Aug 19, 2024
- In Favour of Assessee
- Citation Number : TS-357-ITAT-2024(Bang)-TP
- Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd
ITAT: Accepts assessee’s plea w.r.t comparables selection qua provision of SWD services
Aug 19, 2024
- In Favour of Assessee
- Citation Number : TS-358-ITAT-2024(HYD)-TP
- Tax Payer : Pegasystems Worldwide India Pvt Ltd