Updates ( 9054 results )

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ITAT:DRP direction to TPO to calculate risk adjustment percentage, beyond Sec 144C jurisdiction

  • In Favour of Revenue
  • Citation Number : TS-62-ITAT-2017(CHNY)-TP
  • Tax Payer : India Trimmings Private Limited

HC: Confirms ITAT’s ruling deleting guarantee fee adjustment; Follows Everest Kanto decision

  • In Favour of Assessee
  • Citation Number : TS-61-HC-2017(BOM)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd

ITAT:AMP not international transaction absent arrangement with AE, follows Bausch & Lomb ruling

  • In Favour of Assessee
  • Citation Number : TS-60-ITAT-2017(CHANDI)-TP
  • Tax Payer : Widex India Pvt Ltd

ITAT: Quashes reassessment beyond 4 years absent allegation regarding non-disclosure of material facts

  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2017(DEL)-TP
  • Tax Payer : Coca Cola India Inc

ITAT: Grants risk and depreciation adjustment following precedents; Rules on comparable selection

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2017(Bang)-TP
  • Tax Payer : Outsource Partners International Pvt Ltd

ITAT: ‘Bodhtree Consulting Ltd’ functionally similar; Rejects assessee’s plea for exclusion

  • In Favour of Revenue
  • Citation Number : TS-55-ITAT-2017(Bang)-TP
  • Tax Payer : Narus Networks Private Limited

ITAT: Excludes comparables for assessee's software consultancy and BPO services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-54-ITAT-2017(PUN)-TP
  • Tax Payer : Systime Global Solutions Pvt Ltd

ITAT: TPO-reference absent Sec. 143(2) notice invalid; Quashes re-assessment based on TPO order

  • In Favour of Assessee
  • Citation Number : TS-53-ITAT-2017(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Pvt Ltd

ITAT: Remits ‘Nil’ ALP-determination for intra-group services following earlier year’s order

  • In Favour of Assessee
  • Citation Number : TS-52-ITAT-2017(Bang)-TP
  • Tax Payer : SKF Technologies India Pvt Ltd

ITAT:Directs TPO to conduct fresh comparables search, considers contradictory submissions by parties

  • In Favour of Both, Partially
  • Citation Number : TS-51-ITAT-2017(PUN)-TP
  • Tax Payer : eGain Communications Pvt Ltd

ITAT: Directs consideration of assessee's claim that TP-adjustment exceeded AE's share of revenue

  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2017(PUN)-TP
  • Tax Payer : Synechron Technologies Private Limited

ITAT: Rules on comparable selection for assessee's software development & marketing support service

  • In Favour of Both, Partially
  • Citation Number : TS-49-ITAT-2017(PUN)-TP
  • Tax Payer : TIBCO Software India Pvt Ltd

ITAT: Excludes Infosys & L&T Infotech applying turnover filter of 10 times assessee’s turnover

  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2017(Bang)-TP
  • Tax Payer : Arowana Consulting Pvt Ltd

ITAT:Recalls order dismissing appeal ex-parte, holds assessee had reasonable cause for non-appearance

  • In Favour of Assessee
  • Citation Number : TS-46-ITAT-2017(Bang)-TP
  • Tax Payer : Merck Life Science Pvt Ltd

ITAT:Confirms exclusion of 14 comparables citing functional dissimilarity, RPT/Turnover filter

  • In Favour of Assessee
  • Citation Number : TS-1089-ITAT-2016(Bang)-TP
  • Tax Payer : Nvidia Graphics Pvt Ltd

ITAT:Grants stay to Mindteck India subject to part payment, schedules early hearing

  • In Favour of Both, Partially
  • Citation Number : TS-1088-ITAT-2016(Bang)-TP
  • Tax Payer : Mindteck India Limited

ITAT: Excludes 9 comparables for ITeS provider; Negative working-capital adjustment unsustainable

  • In Favour of Both, Partially
  • Citation Number : TS-45-ITAT-2017(HYD)-TP
  • Tax Payer : TNS India Private Limited

ITAT: Excludes functionally different comparables for investment-advisory provider; Acknowledges persuasive value of APA

  • In Favour of Both, Partially
  • Citation Number : TS-44-ITAT-2017(Mum)-TP
  • Tax Payer : Warburg Pincus India pvt ltd

ITAT:Confirms CIT(A)-order, rejects PLR for benchmarking interest on foreign currency loan

  • In Favour of Assessee
  • Citation Number : TS-1087-ITAT-2016(Bang)-TP
  • Tax Payer : Steer Engineering Pvt Ltd

ITAT: Holds TP-grounds in cross appeals as infructuous considering MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-1086-ITAT-2016(Bang)-TP
  • Tax Payer : Northern Operating Services Pvt Ltd