Updates ( 9041 results )

Filters

ITAT: Deletes Sec 271G penalty for diamond trader; Follows Navinchandra Exports ruling

  • In Favour of Assessee
  • Citation Number : TS-816-ITAT-2018(Mum)-TP
  • Tax Payer : Dilipkumar V Lakhi

ITAT: Excludes E-Infochips as comparable for software developer assessee; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2018(PUN)-TP
  • Tax Payer : Redknee (India) Technologies Private Limited

ITAT:Rules on comparables for assessee providing vessel related services; Restores PLI-computation

  • In Favour of Both, Partially
  • Citation Number : TS-814-ITAT-2018(Kol)-TP
  • Tax Payer : Bothra Shipping Services (Currently known as Bothra Shipping services Pvt

ITAT: Excludes Infosys BPO Ltd, TCS E-Serve and E-Clerx Ltd as comparable for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2018(HYD)-TP
  • Tax Payer : DST Worldwide Services India Pvt Ltd

HC:Upholds characterization of McKinsey India’s research & information service as KPO

  • In Favour of Both, Partially
  • Citation Number : TS-812-HC-2018(DEL)-TP
  • Tax Payer : MCKINSEY KNOWLEDGE CENTRE INDIA PVT. LTD

ITAT: Remits ALP-determination for software design & development services; Follows earlier orders

  • In Favour of Revenue
  • Citation Number : TS-811-ITAT-2018(DEL)-TP
  • Tax Payer : Birlasoft (India) Ltd

ITAT:Remits ALP-determination for after sales support services; Liquidated damages, not direct cost

  • In Favour of Revenue
  • Citation Number : TS-810-ITAT-2018(Mum)-TP
  • Tax Payer : Rosoboronservice India Ltd

ITAT:Recalls Tribunal-order to adjudicate 2 grounds on comparables selection inadvertently un-adjudicated

  • In Favour of Revenue
  • Citation Number : TS-809-ITAT-2018(Bang)-TP
  • Tax Payer : Century Link Technologies Pvt Ltd (Formerly known as Qwest Telecom Software Service Pvt.Ltd)

ITAT: Excludes 26 comparables in IT & ITeS segments; Rejects Revenue’s ‘cherry picking’ objection

  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2018(Mum)-TP
  • Tax Payer : Dialogic Networks (India) Pvt Ltd

ITAT:Excludes 4 companies as comparable for marketing support service provider

  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2018(DEL)-TP
  • Tax Payer : Philip Morris Services India S A (Now known as Philip Morris Services India SARL)

ITAT: Upholds assessee’s contention on aggregated benchmarking, external comparables and PLI; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-805-ITAT-2018(PUN)-TP
  • Tax Payer : Cummins India Limited

ITAT:Follows previous Tribunal ruling, deletes secondary adjustment on sale of business

  • In Favour of Assessee
  • Citation Number : TS-804-ITAT-2018(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Private Limited

ITAT: Directs demonstration of turnover filter relevance in assessee’s peculiar line of business

  • In Favour of Revenue
  • Citation Number : TS-803-ITAT-2018(Mum)-TP
  • Tax Payer : Roche Diagnostics India Private Limited

ITAT: Accepts CUP over TPO’s TNMM for benchmarking imports in manufacturing-segment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-802-ITAT-2018(Bang)-TP
  • Tax Payer : Lenovo (India) Private Ltd

ITAT:Deletes TP-adjustment on royalty and model fees, follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-801-ITAT-2018(DEL)-TP
  • Tax Payer : Hero Moto Corp Ltd

ITAT: Deletes TP-adjustment on non-binding advisory services, excludes Motilal Oswal as comparable

  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2018(Mum)-TP
  • Tax Payer : IIML Assets Advisors Ltd (Formerly known as Saffron Asset Advisors Pvt. Ltd.,)

ITAT: Rejects TPO’s KPO characterization for assessee rendering software services; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-799-ITAT-2018(Bang)-TP
  • Tax Payer : Open Silicon Research Pvt Ltd

ITAT: Cannot compare refrigeration of movable items with immovable items refrigeration, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-798-ITAT-2018(DEL)-TP
  • Tax Payer : Carrier Air-conditioning & Refrigeration Ltd

ITAT: Excludes 4 comparables for ITeS-provider; Deletes TP-adjustment on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-797-ITAT-2018(HYD)-TP
  • Tax Payer : C3i Support Services Private Limited

ITAT:Dismisses Revenue’s appeal as TP-issues already remitted while deciding assessee’s appeal

  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2018(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd (For the merged GE Medical System (India) Pvt. Ltd.,)