Updates ( 9041 results )

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HC: Admits Revenue's appeal against ITAT order deleting TP-adjustment on corporate guarantee

  • In Favour of Assessee
  • Citation Number : TS-179-HC-2018(GUJ)-TP
  • Tax Payer : Suzlon Energy Limited

HC: Dismisses Revenue's appeal against concealment penalty deletion; Accepts ITAT's 'debatable issue' conclusion

  • In Favour of Assessee
  • Citation Number : TS-177-HC-2018(DEL)-TP
  • Tax Payer : GLOBAL VANTEDGE PVT LTD

ITAT: Explains capacity adjustment computation mechanism; Directs separate benchmarking for consultancy services

  • In Favour of Both, Partially
  • Citation Number : TS-176-ITAT-2018(DEL)-TP
  • Tax Payer : Daikin Airconditioning India Pvt Ltd

ITAT: Cannot include company with turnover marginally higher than upper turnover as comparable

  • In Favour of Both, Partially
  • Citation Number : TS-172-ITAT-2018(PUN)-TP
  • Tax Payer : Amber Point Technology India Pvt Ltd

HC: Applying expenses based RPT-formula only to one comparable distorts picture, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-171-HC-2018(DEL)-TP
  • Tax Payer : Chrys Capital Investment Advisors (India) Pvt Ltd

SC: Dismisses SLP against HC's quashing of final assessment without passing draft order

  • In Favour of Both, Partially
  • Citation Number : TS-170-SC-2018-TP
  • Tax Payer : Control Risks India P Ltd

ITAT:Quashes final assessment order making TP-adjustment on entity-level; Follows HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-169-ITAT-2018(DEL)-TP
  • Tax Payer : Syniverse Technologies Services (India) Pvt. Ltd.

ITAT:Deletes outstanding AE-receivables TP-adjustment absent interest charged to non-AE in similar scenario

  • In Favour of Assessee
  • Citation Number : TS-168-ITAT-2018(DEL)-TP
  • Tax Payer : Axis Risk Consulting Services Private Limited

ITAT:Grants conditional stay on demand arising on account of AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2018(Mum)-TP
  • Tax Payer : Edwards Lifesciences (India) Private Limited

ITAT: Dismisses assessee’s appeal against non-existent draft order proposing TP-adjustment as infructuous

  • In Favour of Revenue
  • Citation Number : TS-164-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd

ITAT: Rules on comparables selection in ITES-segment; Confirms R-Systems, Caliber Point exclusion for following different-FY

  • In Favour of Both, Partially
  • Citation Number : TS-162-ITAT-2018(Bang)-TP
  • Tax Payer : XLHealth Corporation India Pvt Ltd

ITAT: Directs uniform application of filters to all comparables; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2018(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Private Ltd

ITAT:5 tolerance range applicable to arm’s length ‘price’, not ‘profitability’; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-160-ITAT-2018(Mum)-TP
  • Tax Payer : Exedy India Ltd (Formerly known as Ceekay Daikin Limited)

ITAT:Rejects treatment of corporate guarantee as international transaction for AY 2010-11; Follows Reddy-Laboratories

  • In Favour of Assessee
  • Citation Number : TS-159-ITAT-2018(HYD)-TP
  • Tax Payer : Cyient Ltd (Formerly Infotech Enterprises Ltd)

ITAT: Dismisses Volvo India’s appeal on TP-issues in view of MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2018(Bang)-TP
  • Tax Payer : Volvo India Private Limited

ITAT:Stays demand for AY 2010-11 & 2011-12 considering prima facie case in favour of assessee

  • In Favour of Assessee
  • Citation Number : TS-157-ITAT-2018(Kol)-TP
  • Tax Payer : Bothra Shipping Services (currently known a Bothra Shipping Services (P) Ltd)

ITAT:Accepts assessee’s plea to allow working capital adjustment on actuals, remits issue

  • In Favour of Assessee
  • Citation Number : TS-156-ITAT-2018(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd

ITAT: Considers segmental profitability using man-hour based allocation, notes APA following similar method

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2018(PUN)-TP
  • Tax Payer : Tieto IT Services India Pvt Ltd

ITAT:Deletes TP-adjustment on outstanding AE-receivables rejecting TPO’s re-characterization as loan; Follows Kadimi-ruling

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2018(DEL)-TP
  • Tax Payer : Inductis (India) Private Ltd

ITAT:Remits additional evidence admission matter to decide intra-group services TP-issue; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-153-ITAT-2018(PUN)-TP
  • Tax Payer : DSV Air & Sea Private Limited