Updates ( 8029 results )
ITAT: TPO-order, final assessment order barred by limitation; Confirms deletion of TP-adjustment, Sec.14A disallowance
Jul 11, 2024
- In Favour of Assessee
- Citation Number : TS-275-ITAT-2024(Mum)-TP
- Tax Payer : Gupshup Technology India Pvt Ltd
ITAT: Rejects TPO's artificial bifurcation into saleable/non-saleable units, allows Sec.80IA relief
Jul 11, 2024
- In Favour of Assessee
- Citation Number : TS-277-ITAT-2024(CHNY)-TP
- Tax Payer : The Ramco Cements Limited
ITAT: Remits benchmarking AE-interest to determine appropriate rate based on LIBOR/SBI PLR
Jul 10, 2024
- In Favour of Both, Partially
- Citation Number : TS-273-ITAT-2024(HYD)-TP
- Tax Payer : TEK Systems Global Services (P) Ltd
ITAT: Rules on comparables for investment advisory service provider basis functional similarity
Jul 10, 2024
- In Favour of Assessee
- Citation Number : TS-274-ITAT-2024(Mum)-TP
- Tax Payer : TPG Capital India Pvt. Ltd
ITAT: Dismisses Revenue’s appeal challenging limitation period of TPO-order; Refers to Pfizer Healthcare ruling
Jul 05, 2024
- In Favour of Assessee
- Citation Number : TS-269-ITAT-2024(Mum)-TP
- Tax Payer : Huhtamaki India Limited (earlier known as to Huhtamaki PPL Limited)
ITAT: Rules on TP-adjustment qua provision of services, restricts guarantee commission to 0.5%
Jul 05, 2024
- In Favour of Both, Partially
- Citation Number : TS-270-ITAT-2024(Ahd)-TP
- Tax Payer : Priya Blue Industries Pvt Ltd
ITAT: Benefit of latest Nissan-Motor ruling not available to AO/TPO, remits AMP-adjustment
Jul 03, 2024
- In Favour of Assessee
- Citation Number : TS-266-ITAT-2024(Bang)-TP
- Tax Payer : AstraZeneca Pharma India Ltd
ITAT: Directs AO to reduce 50% of benefit from corporate service fee; Applies rule of consistency
Jul 03, 2024
- In Favour of Both, Partially
- Citation Number : TS-267-ITAT-2024(CHANDI)-TP
- Tax Payer : Centrient Pharmaceuticals India Pvt Ltd
ITAT: Upholds single year data for transition support services; Deletes correspondent banking, MSS adjustments
Jul 02, 2024
- In Favour of Both, Partially
- Citation Number : TS-263-ITAT-2024(Mum)-TP
- Tax Payer : The Hongkong & Shanghai Banking Corporation Ltd
ITAT: Rules on comparables selection for ITeS provider; Holds turnover filter as relevant criteria
Jul 02, 2024
- In Favour of Both, Partially
- Citation Number : TS-264-ITAT-2024(HYD)-TP
- Tax Payer : Primera Medical Technologies Private Limited
ITAT: Deletes TP-adjustment qua Letter of Comfort for Tata International; Follows earlier order
Jul 01, 2024
- In Favour of Assessee
- Citation Number : TS-261-ITAT-2024(Mum)-TP
- Tax Payer : Tata International Limited
ITAT: Comparables cannot be excluded merely citing different accounting-year; Rejects negative working-capital adjustment
Jul 01, 2024
- In Favour of Both, Partially
- Citation Number : TS-262-ITAT-2024(HYD)-TP
- Tax Payer : Macromill Research India LLP
ITAT: Holds turnover as relevant criteria for selecting comparables; Applies range at 10 times
Jun 27, 2024
- In Favour of Assessee
- Citation Number : TS-259-ITAT-2024(HYD)-TP
- Tax Payer : Triniti Advanced Software Labs Private Limited
HC: Remands matter, notes Tribunal's non-consideration of Revenue's issues qua risk adjustment, guarantee commission
Jun 27, 2024
- In Favour of Both, Partially
- Citation Number : TS-258-HC-2024(KER)-TP
- Tax Payer : Olam Agro India Pvt Ltd
ITAT: Upholds CIT(A)'s restriction of corporate guarantee adjustment @ 1% instead of TPO's 2%
Jun 27, 2024
- In Favour of Assessee
- Citation Number : TS-943-ITAT-2022(COCH)-TP
- Tax Payer : Olam Agro India Pvt Ltd
ITAT: Upholds rejection of Bundy-India's TP-study using multiple-year data, rules on comparables
Jun 26, 2024
- In Favour of Both, Partially
- Citation Number : TS-256-ITAT-2024(Ahd)-TP
- Tax Payer : BUNDY INDIA LIMITED
ITAT: Deletes guarantee adjustment citing no financial burden; Rejects TPO's berry-ratio for sale/purchase
Jun 26, 2024
- In Favour of Assessee
- Citation Number : TS-257-ITAT-2024(JPR)-TP
- Tax Payer : Vaibhav Global Limited
HC: Quashes assessment order despite lapse in intimating AO about objections before DRP
Jun 25, 2024
- In Favour of Assessee
- Citation Number : TS-254-HC-2024(KAR)-TP
- Tax Payer : Zoomrx Healthcare Technology Solutions Private Limited
ITAT: Adjudicates on TP issues including SDTs, international transaction, economic and depreciation adjustment
Jun 25, 2024
- In Favour of Both, Partially
- Citation Number : TS-255-ITAT-2024(CHNY)-TP
- Tax Payer : HSI Automotive Private Limited
ITAT: CIT(A) fails to adjudicate various TP grounds on merit; Remits matter
Jun 24, 2024
- In Favour of Assessee
- Citation Number : TS-252-ITAT-2024(HYD)-TP
- Tax Payer : Computer Sciences Corporation India Private Limited