Updates ( 9041 results )

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HC: Admits Revenue’s appeal against ITAT’s exclusion of Wipro, TCS for Adobe-India

  • In Favour of Revenue
  • Citation Number : TS-429-HC-2018(ALL)-TP
  • Tax Payer : Adobe Systems India Pvt. Ltd

ITAT:Excludes 2 comparables failing Rs.200cr turnover filter applied by TPO himself

  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2018(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Private Ltd

ITAT: Remits benchmarking of international transactions for adopting internal TNMM; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2018(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd

ITAT:Deletes corporate guarantee adjustment following earlier ITAT-ruling; Remits AE-loan interest issue

  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2018(Kol)-TP
  • Tax Payer : EIH Limited

ITAT: Includes comparable despite strike during year citing insignificant impact on turnover

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2018(PUN)-TP
  • Tax Payer : WIKA Instruments India Pvt Ltd

ITAT: Deletes TP adjustment, man-hours utilized, not committed appropriate cost allocation key

  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2018(DEL)-TP
  • Tax Payer : Triune Energy Services Pvt Ltd

ITAT: Operating profit/marketing cost, not a proper PLI for marketing cost ALP-determination; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2018(Mum)-TP
  • Tax Payer : First Source Solutions Ltd

ITAT: Restores MAM-selection for benchmarking assessee manufacturer’s international transactions; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2018(Mum)-TP
  • Tax Payer : ASB International Pvt Ltd

ITAT:Upholds exclusion of trading entity for benchmarking service entity’s marketing-services under TNMM

  • In Favour of Assessee
  • Citation Number : TS-420-ITAT-2018(Mum)-TP
  • Tax Payer : Hitachi Data Systems India Pvt Ltd

HC: Remits royalty, AMP issues; Holds ITAT’s observations on foreign comparables as ‘unwarranted’

  • In Favour of Assessee
  • Citation Number : TS-419-HC-2018(DEL)-TP
  • Tax Payer : Vodafone Mobile Services Ltd

ITAT: Fund & Non-fund based facility not at par; Adopts 0.2% as counter-guarantee ALP

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2018(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Limited

ITAT:Directs adoption of LIBOR+300bps as interest-ALP for AE-loan; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2018(Mum)-TP
  • Tax Payer : Roha Dyechem Ltd

ITAT:Remits TP-issue noting non-use of relevant year data, adjustment on non-AE transactions

  • In Favour of Both, Partially
  • Citation Number : TS-416-ITAT-2018(Bang)-TP
  • Tax Payer : Makino India Pvt Ltd

ITAT:Quashes assessment sans draft order issue; Show-cause notice not draft order

  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2018(JPR)-TP
  • Tax Payer : Jaipur Rugs Company (P) Ltd

ITAT: Deletes TP-adjustment on outstanding AE-receivables as amounts realized within 1-year, follows GSS-Infotech

  • In Favour of Both, Partially
  • Citation Number : TS-412-ITAT-2018(HYD)-TP
  • Tax Payer : Cura Technologies Ltd

ITAT: Remits comparability of 2 companies involved in fraud in ITeS-segment; Follows Acusis ruling

  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2018(Bang)-TP
  • Tax Payer : JDA Software Private Limited

ITAT:TDS has no bearing on ALP-determination; Directs re-adjudication of transaction nomenclatured as 'royalty'

  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2018(Kol)-TP
  • Tax Payer : Labvantage Solution Pvt Ltd

ITAT: Remits ALP-determination of loans to AE using LIBOR/WIBOR rate; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2018(PUN)-TP
  • Tax Payer : KPIT Technologies Limited

ITAT: Excludes Government companies as comparables; Upholds use of single year data

  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2018(DEL)-TP
  • Tax Payer : Eli Lilly & Co. (India) Ltd

ITAT:Upholds internal comparable and use of unaudited segmental accounts, deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2018(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV