Updates ( 8030 results )

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ITAT: Extended time-limit for completing non-resident assessment u/s.144C unavailable sans TPO-reference

Jun 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-225-ITAT-2024(HYD)-TP
  • Tax Payer : Syed Gulam Mohiuddin

ITAT: Rules on TP-adjustments qua ITeS, interest on receivables for Satyam Venture

Jun 06, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-224-ITAT-2024(HYD)-TP
  • Tax Payer : Satyam Venture Engineering Services Private Limited

ITAT: Rejects downward adjustment for SDT, allows S.80IA deduction; Follows rule of consistency

Jun 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2024(RAI)-TP
  • Tax Payer : Bhagwati Power and Steel Limited

ITAT: Remits TP-adjustment w.r.t management fee; Benchmarks interest on AE receivables at LIBOR+200 bps

Jun 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-223-ITAT-2024(HYD)-TP
  • Tax Payer : Kantar GDC India Private Limited

ITAT: Remits NIL benchmarking of management fee; TPO cannot examine matter w.r.t Sec.37

Jun 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-221-ITAT-2024(Mum)-TP
  • Tax Payer : Naturex India Pvt Ltd

ITAT: Rules on comparables; Rectifies mistake in quantum of amortisation per DRP’s direction

Jun 04, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-220-ITAT-2024(CHNY)-TP
  • Tax Payer : iSoft Health Management India Private Limited

ITAT: Upholds deletion of TP-addition qua payment of royalty, management fees, IT allocation cost

Jun 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-218-ITAT-2024(Ahd)-TP
  • Tax Payer : Invida India Pvt Ltd

ITAT: Deletes SDT-adjustment citing omission of Sec.92BA(i); Applies Texport Overseas HC-ruling

Jun 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-219-ITAT-2024(PUN)-TP
  • Tax Payer : Uttam Energy Limited

ITAT: Upholds CUP, rather than TNMM, for benchmarking technical fees

May 31, 2024
  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2024(DEL)-TP
  • Tax Payer : Takenaka India Pvt Ltd

HC: Holds TPO-reference in itself causes no prejudice warranting invocation of writ jurisdiction

May 31, 2024
  • In Favour of Revenue
  • Citation Number : TS-214-HC-2024(DEL)-TP
  • Tax Payer : Infonox Software Private Limited

ITAT: Rules-out negative working capital adjustment for captive service provider; Rules on comparables

May 30, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-213-ITAT-2024(Bang)-TP
  • Tax Payer : Intuit India Product Development Centre Pvt Ltd

ITAT: Deletes penalty u/s.271G on SDT as TPO accepted assessee’s ALP computation

May 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2024(Mum)-TP
  • Tax Payer : Excel Biolife Private Limited

ITAT: Remits characterization of services rendered by Assessee; Deletes cost-contribution charges adjustment

May 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2024(Bang)-TP
  • Tax Payer : Ingersoll-Rand (India) Limited

HC: Dismisses Revenue's appeal on AMP adjustment for India specific products

May 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-210-HC-2024(DEL)-TP
  • Tax Payer : Pernod Ricard India Pvt Ltd

ITAT: Upholds TNMM over CUP for brokerage commission, branding fees; Follows earlier orders

May 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-208-ITAT-2024(Mum)-TP
  • Tax Payer : CLSA India Pvt Ltd

ITAT: Excludes comparable citing non-availability of required information u/s.133(6)

May 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2024(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt. Ltd.

ITAT: Refuses to constitute SB for conflicting judgments u/s 92BA(i); Follows precedents

May 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2024(DEL)-TP
  • Tax Payer : Panacea Boitec Ltd

ITAT: Holds, onus on assessee to show pharma industry permits credit-period exceeding 60-days

May 27, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-207-ITAT-2024(HYD)-TP
  • Tax Payer : Hetero Labs Limited

ITAT: Deletes IGS adjustment as 3% within acceptable range; Rules on comparables

May 24, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-204-ITAT-2024(Kol)-TP
  • Tax Payer : Primetals Technologies India Pvt Ltd

HC: Disposes of Revenue’s appeal on management, support services, IGS citing subsequent developments

May 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-205-HC-2024(CAL)-TP
  • Tax Payer : Cookson India Pvt Ltd