Updates ( 9041 results )

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ITAT: Directs interest benchmarking on outbound loans following LIBOR+ or WIBOR+ rates over TPO's BPLR

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2018(PUN)-TP
  • Tax Payer : KPIT Technologies Ltd (earlier known as KPIT Cummins Infosytems Limited.)

ITAT: Remits comparable selection for RPT-filter application, Adopts 0.5% guarantee commission rate

  • In Favour of Both, Partially
  • Citation Number : TS-520-ITAT-2018(Mum)-TP
  • Tax Payer : Nimbus Communications Ltd

ITAT: Upholds CUP-method for benchmarking AE-purchases following earlier years’ approach; Follows Cargill SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2018(Mum)-TP
  • Tax Payer : Victorinox India Private Limited

ITAT:Remits TP-issue for re-adjudication considering assessee’s non-submission of documents before TPO

  • In Favour of Both, Partially
  • Citation Number : TS-518-ITAT-2018(CHNY)-TP
  • Tax Payer : Harting (India) Pvt Ltd

ITAT: Upholds TNMM over RPM for assessee-trader, follows precedent; Provisions written back, non-operating income

  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2018(Bang)-TP
  • Tax Payer : Abbott Medical Optics Pvt. Ltd. (formerly Advanced Medical Optics India Pvt. Ltd)

ITAT:Quashes assessment in non-existent company's name; Sec 292B cannot rescue the Revenue

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2018(DEL)-TP
  • Tax Payer : Vertex Customer Management India Pvt Ltd

ITAT: Excludes 10 companies as comparable for captive ITeS service provider; Follows judicial precedents

  • In Favour of Assessee
  • Citation Number : TS-515-ITAT-2018(DEL)-TP
  • Tax Payer : H & S Software Development and Knowledge Management Centre Pvt Ltd

ITAT: Quashes assessment in non-existent company's name; Deletes AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2018(DEL)-TP
  • Tax Payer : Sony Mobile Communications India (P) Ltd. (now merged with Sony India Pvt. Ltd.)

ITAT: Dismisses McDonald’s appeal on TP-grounds in view of resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2018(DEL)-TP
  • Tax Payer : Mcdonald’s India Pvt Ltd

ITAT: Quashes assessment citing failure to follow CBDT Instruction 3/2003; Follows Calance Software ruling

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2018(DEL)-TP
  • Tax Payer : Bucher Hydraulics Pvt

ITAT:Deletes TP-adjustment on support services; No mark-up required on third-party costs

  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2018(DEL)-TP
  • Tax Payer : CPS Cash Processing Solutions Private Ltd

ITAT:Adopts profit before depreciation as PLI, distinguishes earlier-order; Upholds 2 comparables exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-509-ITAT-2018(Bang)-TP
  • Tax Payer : Indigra Exports Pvt Ltd

ITAT: Rejects seafood exporter's claim for adjustment to CUP absent data substantiating claim

  • In Favour of Revenue
  • Citation Number : TS-508-ITAT-2018(COCH)-TP
  • Tax Payer : Torry Harris Sea Foods Pvt Ltd

ITAT: Exclude 10 companies as comparable for captive ITeS service provider; Follows judicial precedents

  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2018(DEL)-TP
  • Tax Payer : H & S Software Development and Knowledge Management Centre Pvt Ltd

HC: Upholds LIBOR+2% as interest-ALP for loan to Mauritius AE; Follows Aurinpro ruling

  • In Favour of Assessee
  • Citation Number : TS-506-HC-2018(BOM)-TP
  • Tax Payer : S B & T International Ltd

SC: Admits SLP against HC-order confirming adjustment to ALP for Forex fluctuation

  • In Favour of Assessee
  • Citation Number : TS-505-SC-2018-TP
  • Tax Payer : Schneider Electric India Pvt Ltd

SC: Dismisses SLP against HC-order deleting royalty addition

  • In Favour of Assessee
  • Citation Number : TS-504-SC-2018-TP
  • Tax Payer : SAKATA INX INDIA LIMITED

ITAT: Acquisition of company overseas doesn’t make it incomparable; Bad-debts provision, an operating item

  • In Favour of Both, Partially
  • Citation Number : TS-503-ITAT-2018(HYD)-TP
  • Tax Payer : Hyundai Motor India Engg Pvt Ltd

ITAT: E-Zest, not KPO, retains as comparable for assessee providing software & distribution services

  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2018(HYD)-TP
  • Tax Payer : Open Text Corporation India Pvt Ltd (earlier known as Cordys Software India Products Ltd)

HC: Dismisses Revenue's appeal against ITAT-order deleting TP-adjustment; Follows Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-499-HC-2018(KAR)-TP
  • Tax Payer : Motorola Solutions India P Ltd (Earlier known as Motorola India Electronics P Ltd)