Updates ( 9054 results )

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ITAT: ‘Kals Information’ incomparable with pure software development service provider, allows assessee’s appeal

  • In Favour of Assessee
  • Citation Number : TS-86-ITAT-2017(Bang)-TP
  • Tax Payer : Sterling Commerce Solutions India Pvt Ltd

ITAT: Allows assessee’s miscellaneous petition; Excludes 10 functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-85-ITAT-2017(Bang)-TP
  • Tax Payer : Open-Silicon Research Pvt Ltd

ITAT: Retains comparable having 96.33% margin applying SB ratio in Maersk Global

  • In Favour of Both, Partially
  • Citation Number : TS-84-ITAT-2017(PUN)-TP
  • Tax Payer : Honeywell Turbo Technologies India Pvt Ltd

ITAT: Deletes interest addition on overdue AE-receivables for AY 2009-10, follows Avnet India ruling

  • In Favour of Assessee
  • Citation Number : TS-83-ITAT-2017(Bang)-TP
  • Tax Payer : Millipore India Ltd

ITAT: Excludes comparables for software developer assessee citing functional dissimilarity, intangibles, outsourcing

  • In Favour of Assessee
  • Citation Number : TS-82-ITAT-2017(Bang)-TP
  • Tax Payer : STMicroelelctronics Pvt Ltd

ITAT: Upholds 15% RPT filter, remits comparable selection to CIT(A) for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-81-ITAT-2017(Bang)-TP
  • Tax Payer : Misys Software Solutions India Private Ltd

ITAT: Reverses DRP’s application of turnover filter; Excludes 7 comparables for ITes provider

  • In Favour of Both, Partially
  • Citation Number : TS-80-ITAT-2017(Bang)-TP
  • Tax Payer : Tesco Hindustan Service Centre Pvt Ltd

ITAT: Rejects Nil-ALP determination for royalty payment to AE; Follows Luwa India ruling

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2017(Bang)-TP
  • Tax Payer : Siemens VDO Automotive Ltd

ITAT: Allows miscellaneous-petition, remits ALP-determination of services charges to TPO

  • In Favour of Assessee
  • Citation Number : TS-78-ITAT-2017(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd

ITAT: Recalls order for adjudicating comparability of ‘Infosys Ltd’, allows assessee’s miscellaneous petition

  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2017(Bang)-TP
  • Tax Payer : Mercedes Benz Research & Development India Pvt Ltd

ITAT: Excludes 5 comparables applying 10 times turnover filter, excludes 3 considering functional dissimilarity

  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2017(Bang)-TP
  • Tax Payer : Evry India Pvt Ltd

ITAT: Dismisses assessee’s miscellaneous-petition, review on existing evidence not permissible u/s 254(2)

  • In Favour of Revenue
  • Citation Number : TS-75-ITAT-2017(Bang)-TP
  • Tax Payer : Abott Medical Optics Pvt Ltd

ITAT: Questions TPO's failure to justify comparable rejection & to provide search methodology

  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2017(CHNY)-TP
  • Tax Payer : Woosu Automotive India Private Ltd

ITAT: Remits volume discount & warranty cost adjustments following earlier year order

  • In Favour of Both, Partially
  • Citation Number : TS-72-ITAT-2017(Ahd)-TP
  • Tax Payer : Erhardt Leimr India Pvt Ltd

ITAT: Excludes functionally dissimilar comparable; Doubtful debts provision an operating expenditure if written-off

  • In Favour of Both, Partially
  • Citation Number : TS-71-ITAT-2017(Bang)-TP
  • Tax Payer : VMware Softwre India Pvt Ltd

SC:Admits SLP on AMP-adjustment in Bausch & Lomb’s case; Tags with Canon’s appeal

  • In Favour of Assessee
  • Citation Number : TS-69-SC-2017-TP
  • Tax Payer : Bausch and Lomb Eyecare India Pvt Ltd

ITAT: Adjudicates comparables selection in ITeS; Deletes TP-addition on preference shares subscription/redemption

  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2017(Mum)-TP
  • Tax Payer : Aegis Limited

ITAT: Remits corporate services payment transaction following earlier year order

  • In Favour of Both, Partially
  • Citation Number : TS-65-ITAT-2017(Mum)-TP
  • Tax Payer : Huntsman International India Private Limited

ITAT: Applies MAP-approved margin on transactions with US-entities to Non-US entities; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-64-ITAT-2017(Mum)-TP
  • Tax Payer : J P Morgan Services India Pvt Ltd

ITAT:Deletes adjustment on AMP expenses and export of foreign currency; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2017(Mum)-TP
  • Tax Payer : Thomas Cook India Limited