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ITAT: Deletes Rs.3.19cr TP-adjustment on AE-expenditure reimbursement, no profit-element involved

  • In Favour of Assessee
  • Citation Number : TS-953-ITAT-2016(Mum)-TP
  • Tax Payer : Ness Technologies India Private Ltd

ITAT: Allows assessee’s appeal against ex-party DRP order; Remits TP-issues for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-952-ITAT-2016(COCH)-TP
  • Tax Payer : Delphi Connection Systems India P Ltd

ITAT: Deletes penalty u/s 271AA, assessee made sufficient compliance for maintaining prescribed documentation

  • In Favour of Assessee
  • Citation Number : TS-949-ITAT-2016(Mum)-TP
  • Tax Payer : Cadbury Schweppes Overseas Ltd

ITAT:Remits guarantee TP-issue for verifying actual commission payment to bank

  • In Favour of Both, Partially
  • Citation Number : TS-941-ITAT-2016(CHNY)-TP
  • Tax Payer : Sundaram Fasteners Ltd

ITAT: Companies cannot be excluded merely for abnormal profits /losses, further examination necessary

  • In Favour of Both, Partially
  • Citation Number : TS-940-ITAT-2016(Bang)-TP
  • Tax Payer : Acusis Software India Pvt Ltd

ITAT:'Merger' not relevant factor for comparability for period beyond 2 succeeding AYs

  • In Favour of Assessee
  • Citation Number : TS-939-ITAT-2016(Ahd)-TP
  • Tax Payer : General Motors India Pvt Ltd

ITAT: Excludes 2 functionally different entities as comparable for assessee's R&D related support services

  • In Favour of Assessee
  • Citation Number : TS-936-ITAT-2016(Mum)-TP
  • Tax Payer : Evonik Degussa India Private Limited

ITAT:Dismisses assessee’s appeal for non-prosecution absent representation on hearing date

  • In Favour of Revenue
  • Citation Number : TS-934-ITAT-2016(Bang)-TP
  • Tax Payer : Karuturi Global Ltd

ITAT: Accepts LIBOR+3% interest on ECB considering higher borrowing cost in AE’s hands

  • In Favour of Assessee
  • Citation Number : TS-933-ITAT-2016(Mum)-TP
  • Tax Payer : Goodyear South Asia TyresPrivate Limited

HC: Dismisses Revenue's appeal on selection of comparables for investment advisory service provider

  • In Favour of Assessee
  • Citation Number : TS-928-HC-2016(BOM)-TP
  • Tax Payer : Temasek Holdings Advisors India Pvt Ltd

ITAT: Rules on comparable selection for software development/ design engineering services

  • In Favour of Assessee
  • Citation Number : TS-927-ITAT-2016(PUN)-TP
  • Tax Payer : John Deere India Pvt Ltd

ITAT: Accepts non-operating claim for expenses of business unit after cessation of operations

  • In Favour of Both, Partially
  • Citation Number : TS-925-ITAT-2016(Bang)-TP
  • Tax Payer : Business Process Outsourcing (India ) Pvt Ltd

ITAT: CIT(A)'s order setting aside comparable issue beyond Sec 251(1)(a) mandate, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-924-ITAT-2016(Bang)-TP
  • Tax Payer : Broadcom India Pvt Ltd

ITAT: Admits additional ground on comparability to issue relying on Quark System SB-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-923-ITAT-2016(Bang)-TP
  • Tax Payer : TE Connectivity Global Shared Services

ITAT: Remits working capital adjustment issue to consider allocation of common creditors

  • In Favour of Assessee
  • Citation Number : TS-922-ITAT-2016(Bang)-TP
  • Tax Payer : Marlabs Software Pvt Ltd

ITAT: Upholds reference made to TPO after due approval; Remits combined benchmarking issue

  • In Favour of Both, Partially
  • Citation Number : TS-919-ITAT-2016(Bang)-TP
  • Tax Payer : Sealed Air (India) P Ltd

ITAT: Grants stay extension; Delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-918-ITAT-2016(Bang)-TP
  • Tax Payer : The Himalaya Drug Co

ITAT: Excludes Motilal Oswal, IDFC and ICRA-O as comparables for investment advisory service provider

  • In Favour of Assessee
  • Citation Number : TS-916-ITAT-2016(Mum)-TP
  • Tax Payer : Arisaig Partners (India) Private Limited

ITAT:Directs application of TNMM over TPO’s CPM as MAM; Follows subsequent years’ orders

  • In Favour of Assessee
  • Citation Number : TS-915-ITAT-2016(Bang)-TP
  • Tax Payer : GE BE Private Ltd

ITAT:Grants stay extension; Delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-914-ITAT-2016(Bang)-TP
  • Tax Payer : GE Intelligent Platforms Private Limited