Updates ( 9041 results )

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ITAT: ITAT allows Flowserve's appeal withdrawal on 'management charges' pursuant to India-US MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-476-ITAT-2018(Bang)-TP
  • Tax Payer : Flowserve India Controls Private Limited

ITAT: Rejects DRP’s retention of 9 functionally dissimilar comparables for larger comparable-set; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-473-ITAT-2018(HYD)-TP
  • Tax Payer : Steelwedge Technologies Pvt Ltd

ITAT: Upholds turnover filter application; Includes Welcure Drugs as comparable for drug manufacturer

  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2018(Ahd)-TP
  • Tax Payer : Schutz Dishman Biotech P Ltd

ITAT:Remits comparability of Govt. companies; Preferential treatment, subsidies/grants can impact profitability

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2018(DEL)-TP
  • Tax Payer : Boeing International Corporation India Private Limited

ITAT: Excludes functionally dissimilar Infosys BPO, TCS entities for call-center service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2018(DEL)-TP
  • Tax Payer : BA Call Centre India Private Limited

ITAT: Restricts notional interest adjustment to share-application money refunded, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-467-ITAT-2018(Mum)-TP
  • Tax Payer : Taurian Iron & Steel Co Pvt Ltd

ITAT: Excludes comparable not meeting software service income exceeding 75 filter

  • In Favour of Both, Partially
  • Citation Number : TS-466-ITAT-2018(Bang)-TP
  • Tax Payer : Mercedes-Benz Research and Development India Pvt Ltd

ITAT:Remits TP-issue back to DRP absent assessee’s delay in filing objections before DRP

  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2018(Bang)-TP
  • Tax Payer : Karuturi Global Ltd

ITAT: Excludes Bodhtree, Infosys, Persistent and Tata Elxsi for software-developer; Follows Yodlee Infotech

  • In Favour of Both, Partially
  • Citation Number : TS-464-ITAT-2018(Bang)-TP
  • Tax Payer : Manhattan Associates (India) Development Centre Pvt. Ltd

ITAT: Upholds TP-adjustment deletion on corporate guarantee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-463-ITAT-2018(HYD)-TP
  • Tax Payer : Dr. Reddy’s Laboratories Limited

ITAT: Allows capacity utilization adjustment for engineering design provider considering Parent Co’s bankruptcy

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2018(PUN)-TP
  • Tax Payer : Visteon Engineering Center (India) Private Limited

ITAT:Rules on comparables for Investment-Advisor; Remits miscellaneous income, sponsorship expenses treatment for PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2018(DEL)-TP
  • Tax Payer : Sungroup Enterprises Private Limited

ITAT: Quashes re-assessment based on Form 3CEB reporting, requirements of Sec 147 not met

  • In Favour of Assessee
  • Citation Number : TS-460-ITAT-2018(PUN)-TP
  • Tax Payer : Sandvik AB

ITAT: Deletes interest on delayed AE-receivables; Follows Pegsystems, Kusum Healthcare rulings

  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2018(HYD)-TP
  • Tax Payer : Open Text Corporation India Pvt Ltd (Cordys Software India Pvt Ltd is now merged with Open Tex Corporation India Pvt Ltd)

ITAT:Rejects TPO’s Nil ALP for management cost allocation; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2018(Ahd)-TP
  • Tax Payer : Tudor India Private Limited (formerly known as Tudor India Limited)

ITAT: Remits comparables’ selection, working capital adjustment, operating margin calculation for assessee manufacturer

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2018(DEL)-TP
  • Tax Payer : Denso India Limited

ITAT: Software testing cannot be considered as software development, Relies on safe-harbor rules

  • In Favour of Both, Partially
  • Citation Number : TS-455-ITAT-2018(Bang)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Pvt Ltd

ITAT:Deletes royalty adjustment; Follows HC & ITAT ruling in assessee's own case

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2018(DEL)-TP
  • Tax Payer : Lumax Industries Ltd

ITAT:Adopts LIBOR+300bps as interest rate ALP for loan to AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-453-ITAT-2018(Mum)-TP
  • Tax Payer : Strides Shasun Limited (formerly known as Strides Arcolab Limited)

ITAT: Remits seconded employee’s salary reimbursement TP-issue to follow earlier year order

  • In Favour of Assessee
  • Citation Number : TS-451-ITAT-2018(HYD)-TP
  • Tax Payer : United States Pharmacopeia India Pvt Ltd