Updates ( 9046 results )

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ITAT:Upholds assessment quoting PAN of amalgamating company, rejects assessee’s non-existing company plea

  • In Favour of Revenue
  • Citation Number : TS-773-ITAT-2017(HYD)-TP
  • Tax Payer : B.A. Continuum India Private Limited

ITAT: Rules on comparable-selection for investment advisor; Applies LIBOR to compute interest on delayed AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-772-ITAT-2017(DEL)-TP
  • Tax Payer : ChrysCapital Investment Advisors (India) Private Limited

ITAT: Excludes 'FCS Software' for software developer citing functional dissimilarity, absence of segmental details

  • In Favour of Assessee
  • Citation Number : TS-770-ITAT-2017(PUN)-TP
  • Tax Payer : Barclays Technology Centre India Pvt Ltd

ITAT: Excludes ‘Infosys-BPO’, ‘Accentia’ for ITeS provider citing extraordinary financial events; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-769-ITAT-2017(PUN)-TP
  • Tax Payer : BNY Mellon International Operations (India) Pvt Ltd

ITAT: Remits software services ALP-determination back to CIT(A) absent assessee’s furnishing of adequate data

  • In Favour of Revenue
  • Citation Number : TS-768-ITAT-2017(DEL)-TP
  • Tax Payer : Vedaris Technology Pvt Ltd

ITAT:Grants partial stay on demand arising from TP-adjustment in respect of royalty payment

  • In Favour of Both, Partially
  • Citation Number : TS-764-ITAT-2017(Mum)-TP
  • Tax Payer : Firmenich Aromatics (India) Private Limited

ITAT: Dismisses appeal considering assessee's disinterest in prosecuting appeal; Follows Multiplan ruling

  • In Favour of Revenue
  • Citation Number : TS-763-ITAT-2017(Bang)-TP
  • Tax Payer : Advice America Software Development Center Pvt Ltd

ITAT:Recalls ex-parte Tribunal-order considering reasonable cause for assessee’s non-appearance for hearing

  • In Favour of Assessee
  • Citation Number : TS-761-ITAT-2017(Bang)-TP
  • Tax Payer : Salesforce.com India Private Limited

ITAT:TPO to follow DRP-direction of restricting TP-adjustment to international transactions; Remits 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-760-ITAT-2017(DEL)-TP
  • Tax Payer : Boettcher India Pvt Ltd

ITAT: Dismisses defective miscellaneous-petition; Single application not sufficient to rectify cross appeals

  • In Favour of Revenue
  • Citation Number : TS-759-ITAT-2017(Bang)-TP
  • Tax Payer : IDS Software Solutions India Pvt Ltd

HC: Upholds ITAT’s exclusion of comparables in software development & ITeS segments

  • In Favour of Assessee
  • Citation Number : TS-758-HC-2017(DEL)-TP
  • Tax Payer : Ut Starcom Inc (India Branch)

ITAT:Directs DRP to verify whether Forex gains pertain to current year's turnover

  • In Favour of Both, Partially
  • Citation Number : TS-757-ITAT-2017(Bang)-TP
  • Tax Payer : Akamai Technologies India Private Limited

ITAT: High working capital adjustment not ground for comparable exclusion, follows Logical ruling

  • In Favour of Both, Partially
  • Citation Number : TS-756-ITAT-2017(Bang)-TP
  • Tax Payer : Target Corporation India Pvt Ltd

ITAT: Allows assessee's appeal withdrawal considering resolution of grounds under Indo-USA MAP

  • In Favour of Assessee
  • Citation Number : TS-755-ITAT-2017(Bang)-TP
  • Tax Payer : Quintiles Research (India) P Ltd

ITAT: CIT(A) to mandatorily rule on additional evidence admission; Remits comparables for investment-advisor

  • In Favour of Both, Partially
  • Citation Number : TS-754-ITAT-2017(DEL)-TP
  • Tax Payer : ChrysCapital Investment Advisors (India) Private Limited

ITAT: Insignificant 'other income' cannot affect functional similarity/operating margin of comparable

  • In Favour of Both, Partially
  • Citation Number : TS-753-ITAT-2017(Bang)-TP
  • Tax Payer : Kodiak Networks India Pvt Ltd

ITAT: Adopts 25 RPT & remits turnover filter application; Follows ACI-Worldwide & Chryscapital ratio

  • In Favour of Both, Partially
  • Citation Number : TS-752-ITAT-2017(Bang)-TP
  • Tax Payer : Broadcom Communications Technologies P Ltd

ITAT: Disregards CIT(A)’s suo-moto application of 0 RPT filter; Remits comparables issue

  • In Favour of Both, Partially
  • Citation Number : TS-751-ITAT-2017(Bang)-TP
  • Tax Payer : iPass India Pvt Ltd

ITAT: Excludes ‘e-Clerx’ for ITeS-provider citing significantly different business model; Follows Rampgreen ratio

  • In Favour of Assessee
  • Citation Number : TS-750-ITAT-2017(DEL)-TP
  • Tax Payer : Ariba India Pvt Ltd

ITAT: Deletes protective AMP adjustment absent statutory mandate; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-749-ITAT-2017(DEL)-TP
  • Tax Payer : Nikon India Pvt Ltd