Updates ( 9054 results )

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ITAT: Dismisses Toyota Kirloskar’s appeal as TP-issue resolved under Indo-Japan MAP

  • In Favour of Both, Partially
  • Citation Number : TS-496-ITAT-2017(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt Ltd

ITAT:Remands comparability of 13 companies for fresh adjudication considering CIT(A)’s cryptic, non-speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-495-ITAT-2017(Bang)-TP
  • Tax Payer : ABB Industrial IT Development Centre Ltd

ITAT: Excludes 6 comparables for software developer assessee; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2017(Bang)-TP
  • Tax Payer : Arcot R& D Software Pvt Ltd

ITAT: Rejects 1% adhoc risk adjustment; Remands TP-adjustment on salary costs reimbursements absent particulars

  • In Favour of Both, Partially
  • Citation Number : TS-493-ITAT-2017(Bang)-TP
  • Tax Payer : Obopay Mobile Technology India Private Ltd

ITAT: Rejects PBDIT as PLI but permits depreciation rate difference adjustment, follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-491-ITAT-2017(PUN)-TP
  • Tax Payer : Vishay Components Pvt Ltd

ITAT: Directs consideration of assessee's claim regarding extraordinary cost incurred during initial years

  • In Favour of Both, Partially
  • Citation Number : TS-489-ITAT-2017(Bang)-TP
  • Tax Payer : Symphony Services India P Ltd

ITAT: Excludes 15 comparables for software developer assessee, rejects capacity under-utilization adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-488-ITAT-2017(Bang)-TP
  • Tax Payer : Tavant Technologies India Pvt Ltd

ITAT: Restores TP-adjustment w.r.t. technical, management service fee to AO/TPO; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2017(CHNY)-TP
  • Tax Payer : Dymos Lear Automotive India Pvt Ltd

ITAT: Assessment on ‘non-existent’ amalgamating company, a jurisdictional defect; Quashes assessment following precedents

  • In Favour of Assessee
  • Citation Number : TS-484-ITAT-2017(DEL)-TP
  • Tax Payer : Sapient Consulting Pvt Ltd

ITAT: Remands entire comparability issue for fresh examination after admitting assessee’s additional ground

  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2017(Bang)-TP
  • Tax Payer : Moog Controls India P Ltd

ITAT: Manpower underutilization linked to capacity adjustment; Rejects modification to ITAT-order remitting issue

  • In Favour of Both, Partially
  • Citation Number : TS-482-ITAT-2017(Bang)-TP
  • Tax Payer : Valtech India Systems Pvt Ltd

ITAT: Remits AMP-issue for assessee engaged in manufacturing confectionary products; Follows subsequent-year order

  • In Favour of Assessee
  • Citation Number : TS-481-ITAT-2017(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt Ltd

HC: Dismisses Revenue’s appeal challenging +/-5% benefit; Can’t agitate new grounds before HC

  • In Favour of Assessee
  • Citation Number : TS-478-HC-2017(BOM)-TP
  • Tax Payer : Mettler Toledo India Pvt Ltd

ITAT: Financial year filter unnecessary if transaction value/ profitability determinable for corresponding period

  • In Favour of Both, Partially
  • Citation Number : TS-477-ITAT-2017(Bang)-TP
  • Tax Payer : GE India Exports Pvt Ltd

ITAT: Deletes TP-adjustment on royalty payment; Remits TP-addition on inflated purchases following earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-476-ITAT-2017(DEL)-TP
  • Tax Payer : Progressive Tools & Components Pvt Ltd

ITAT: Comparable cannot be excluded merely because working capital adjustment exceeded 4

  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2017(Bang)-TP
  • Tax Payer : Aris Global Software Private Ltd

ITAT:Upholds TP-adjustment deletion on raw-materials sale to AE

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2017(Ahd)-TP
  • Tax Payer : ECI Technology P Ltd

ITAT:Confirms TP-adjustment deletion on foreign currency AE-loan; Follows HC rulings

  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2017(Kol)-TP
  • Tax Payer : M K Shah Exports Ltd

ITAT:Upholds TP-adjustment deletion on royalty payment as benefit not doubted; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2017(DEL)-TP
  • Tax Payer : Cornell Overseas (P) Ltd

ITAT: Excludes TCS E-serve and Wipro for benchmarking software development services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2017(Mum)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd