Updates ( 9054 results )

Filters

ITAT: Modifies RPT filter to 15% and turnover filter to 10 times assessee's turnover

  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2017(Bang)-TP
  • Tax Payer : Sykes Enterprises (India) Pvt Ltd

ITAT: Directs exclusion of 14 companies as comparables following NXP Semiconductors ratio

  • In Favour of Both, Partially
  • Citation Number : TS-409-ITAT-2017(Bang)-TP
  • Tax Payer : FCG Software Services (India) Pvt Ltd

HC: Upholds ITAT's exclusion of 3 comparables for ITES-provider following Rampgreen, Agnity HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-407-HC-2017(DEL)-TP
  • Tax Payer : Vertex Customer Services India Pvt Ltd

ITAT: Remits AMP-adjustment for assessee engaged in manufacturing confectionary products; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-403-ITAT-2017(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt Ltd

ITAT:Rejects DRP’s direction to remit working capital issue without itself determining adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-401-ITAT-2017(CHNY)-TP
  • Tax Payer : Myunghwa Automotive India Pvt Ltd

HC:Invalidates AO’s final assessment sans draft order, Sec 144C non-compliance not ‘curable defect’

  • In Favour of Assessee
  • Citation Number : TS-400-HC-2017(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd

ITAT: Condones 148-days delay in filing appeal; Excludes Kals Information for software developer assessee

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2017(DEL)-TP
  • Tax Payer : Aircom International (India) Pvt Ltd

ITAT:Deletes ad-hoc royalty adjustment absent adherence to proper TP-procedure; Follows Spicer ruling

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2017(PUN)-TP
  • Tax Payer : John Deere India Pvt Ltd

ITAT: Upholds assessment-order on amalgamated company quoting amalgamating company’s PAN; Excludes 5 comparables

  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2017(HYD)-TP
  • Tax Payer : BA Continuum India Private Limited (formerly CFC India Services Pvt. Ltd)

ITAT: Dismisses assessee & Revenue’s cross appeals as TP-issues resolved under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-395-ITAT-2017(Bang)-TP
  • Tax Payer : Agile Software Enterprises Private Limited

ITAT: Grants conditional stay considering 25% demand already discharged

  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2017(Bang)-TP
  • Tax Payer : Biesse Manufacturing Company Pvt Ltd

ITAT: Upholds TNMM over CUP for benchmarking import, export transactions; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2017(PUN)-TP
  • Tax Payer : Amphenol Interconnect (I) Pvt Ltd

ITAT: Upholds deletion of Rs. 10.83 Cr TP-adjustment considering transaction level margins over entity approach

  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2017(Kol)-TP
  • Tax Payer : J.J Exporters Ltd

ITAT:Sets aside cryptic CIT(A)-order on application of filters for comparables selection

  • In Favour of Revenue
  • Citation Number : TS-391-ITAT-2017(Bang)-TP
  • Tax Payer : Novellus Systems (Ind) Pvt Ltd

ITAT: Extends stay of Rs. 1029 Cr demand for Infosys subject to Rs. 300 Cr further payment

  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2017(Bang)-TP
  • Tax Payer : INFOSYS LIMITED

ITAT:Royalty payment between related parties not ‘uncontrolled transaction’, disqualifies as ‘comparable’ for ALP-computation

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2017(Bang)-TP
  • Tax Payer : Praxair India Private Limited

ITAT: Excludes comparable with different accounting period and 95 related party transactions

  • In Favour of Assessee
  • Citation Number : TS-387-ITAT-2017(Mum)-TP
  • Tax Payer : Tevapharm India Pvt Ltd (Formerly known as Ratio Pharm India Pvt Ltd)

ITAT:Remits foreign comparables issue for Timex regarding Rs. 6.29 Cr adjustment, follows earlier ITAT-order

  • In Favour of Both, Partially
  • Citation Number : TS-385-ITAT-2017(DEL)-TP
  • Tax Payer : Timex Watches Limited

ITAT: Upholds application of turnover filter of 10 times assessee's filter & 15% RPT filter

  • In Favour of Both, Partially
  • Citation Number : TS-384-ITAT-2017(Bang)-TP
  • Tax Payer : Microchip Technology (India) Pvt. Ltd.

ITAT: CIT(A) cannot remand matter to AO/TPO; Directs re-adjudication of comparability/ filter-selection issues

  • In Favour of Both, Partially
  • Citation Number : TS-383-ITAT-2017(Bang)-TP
  • Tax Payer : Athena Semiconductors Pvt. Ltd. (merged with Broadcom India Pvt. Ltd.)