Updates ( 9054 results )

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ITAT: Rejects foreign-AE as tested party following Kshema Technologies ruling; Remits TP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-539-ITAT-2017(Bang)-TP
  • Tax Payer : Mphasis Limited

ITAT: Allows assessee’s miscellaneous petition absent Tribunal’s consideration of certain additional grounds

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2017(Bang)-TP
  • Tax Payer : Molex India Tooling Pvt Ltd

ITAT:Dismisses Revenue’s appeals, holds forex gains/losses as operating in nature

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2017(Bang)-TP
  • Tax Payer : Sanyo BPL P Ltd

ITAT:Grants further extension of stay as ITAT order is awaited

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2017(Bang)-TP
  • Tax Payer : Manipal Global Education Services Private Limited

ITAT: Remits comparable selection to TPO/AO for applying 10-times turnover/15%-RPT filters

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2017(Bang)-TP
  • Tax Payer : Microchip Technology (India) Pvt Ltd

ITAT: Rejects reliance on precedents involving different AYs; Excludes 5 comparables applying turnover filter

  • In Favour of Both, Partially
  • Citation Number : TS-533-ITAT-2017(Bang)-TP
  • Tax Payer : Mindteck (India) Ltd

ITAT: Rejects assessee's grievance against direction requiring AO/TPO to verify service rendition evidence

  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2017(Bang)-TP
  • Tax Payer : 3M India Ltd

ITAT: Remits notional commission adjustment on direct sale by AE, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-531-ITAT-2017(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd

ITAT: Can't apply AY 2009-10 precedent without examining comparable facts/ circumstances for subject AY 2004-05

  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2017(Bang)-TP
  • Tax Payer : Siemens BPO Services Pvt Ltd

ITAT: Can’t ignore turnover filter merely because comparable exclusion contested on other reasons

  • In Favour of Both, Partially
  • Citation Number : TS-529-ITAT-2017(Bang)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Private Limited

ITAT: Restricts guarantee commission adjustment to 0.385% & interest at LIBOR+1.50%; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-528-ITAT-2017(Mum)-TP
  • Tax Payer : Reliance Industries Ltd

ITAT: Allows Revenue’s appeal challenging CIT(A)’s remand; Rejects 1- 200 cr turnover filter

  • In Favour of Revenue
  • Citation Number : TS-527-ITAT-2017(Bang)-TP
  • Tax Payer : INtellinet Technologies India Pvt Ltd

ITAT: Extraordinary event can be reason for comparable exclusion, not high profit-margin alone

  • In Favour of Both, Partially
  • Citation Number : TS-526-ITAT-2017(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd

ITAT:Sec 271AA penalty for TP-documentation failure inapplicable absent TP-addition in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2017(CHNY)-TP
  • Tax Payer : Indian Additives Express High Way

ITAT: Dismisses Texas Instruments's appeals, notes resolution of TP disputes under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-524-ITAT-2017(Bang)-TP
  • Tax Payer : Texas Instruments (India) Pvt Ltd

ITAT: Allows Tesco Hindustan Service's miscellaneous petition, modifies TP comparables selection

  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2017(Bang)-TP
  • Tax Payer : Tesco Hindustan Service Centre Pvt Ltd

ITAT: Remits assessee's claim about grant of 5% benefit to TPO for verification

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2017(Mum)-TP
  • Tax Payer : BASF Coatings (India) P Ltd

ITAT: Windmill division's revenue un-connected with AE transactions not operating income under TNMM

  • In Favour of Revenue
  • Citation Number : TS-521-ITAT-2017(Ahd)-TP
  • Tax Payer : Rajratna Metal Industries Ltd

HC: HC dismisses Revenue's appeal against exclusion of ICC International as comparable

  • In Favour of Assessee
  • Citation Number : TS-520-HC-2017(DEL)-TP
  • Tax Payer : Panasonic Industrial Asia Pte Ltd

ITAT: Sets aside DRP's cryptic order, remits TP-issue to AO/TPO for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2017(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Private Ltd