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ITAT:TP-adjustment on asset purchased restricted to depreciation; Follows Ciena-India ruling

  • In Favour of Both, Partially
  • Citation Number : TS-803-ITAT-2016(Mum)-TP
  • Tax Payer : Zinser Textile Systems Pvt Ltd

ITAT: Holds no 'international transaction' between domestic entities; Follows earlier AY ruling

  • In Favour of Assessee
  • Citation Number : TS-802-ITAT-2016(HYD)-TP
  • Tax Payer : Astrix Laboratories Ltd

ITAT: Excludes ‘TCS e-Serve’ having huge intangibles & brand value; Techbooks International ruling distinguished

  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2016(Mum)-TP
  • Tax Payer : Capita India Private Ltd

ITAT: AO must follow DRP’s directions to adopt CUP-method for benchmarking purchase transaction

  • In Favour of Revenue
  • Citation Number : TS-797-ITAT-2016(HYD)-TP
  • Tax Payer : Alumeco India Extrusion Limited

ITAT: Remits TP-issue considering assessee’s claim of forex loss leading to unhealthy margin

  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2016(DEL)-TP
  • Tax Payer : Schneider Electric India Pvt Ltd

ITAT:No markup required for reimbursement absent rendition of service; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-794-ITAT-2016(DEL)-TP
  • Tax Payer : BG India Energy Private Limited

ITAT: Rules on comparables selection in assessee’s manufacturing & ITES segment

  • In Favour of Assessee
  • Citation Number : TS-792-ITAT-2016(Bang)-TP
  • Tax Payer : Flextronics Technologies (India) Pvt Ltd

ITAT:Excludes Engineers India as functionally dissimilar, assessee not engaged in turnkey projects

  • In Favour of Assessee
  • Citation Number : TS-791-ITAT-2016(CHNY)-TP
  • Tax Payer : Saipem India Projects Ltd

ITAT: Admits fresh evidence relevant for assessee’s proper characterization; Follows preceding year order

  • In Favour of Assessee
  • Citation Number : TS-789-ITAT-2016(DEL)-TP
  • Tax Payer : Control Risks India Pvt Ltd

ITAT: Remits allocation of expenses relating to development of testing platform to DRP

  • In Favour of Assessee
  • Citation Number : TS-786-ITAT-2016(CHNY)-TP
  • Tax Payer : Expertus Infotech Pvt Ltd

ITAT:Allows assessee’s Miscellaneous Application, corrects MAM from CUP-method to CPM for export-transaction

  • In Favour of Assessee
  • Citation Number : TS-785-ITAT-2016(HYD)-TP
  • Tax Payer : Golkonda Aluminium Extrusion Limited

ITAT: Admits additional evidence; Design & engineering expenses excludible, if unrelated to AE-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-783-ITAT-2016(DEL)-TP
  • Tax Payer : WSP Consultants India Pvt Ltd

HC: Remits AMP-issue to ITAT for proper investigation after considering Sony-Ericsson, Maruti ratio

  • In Favour of Both, Partially
  • Citation Number : TS-782-HC-2016(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd

ITAT: Excludes Infosys Technologies and L&T Infotech for software developer assessee following precedents

  • In Favour of Assessee
  • Citation Number : TS-781-ITAT-2016(HYD)-TP
  • Tax Payer : Electronic Arts Games India Pvt Ltd

ITAT: Excludes E-Infochips providing software development & IT-enabled services absent segmental details

  • In Favour of Assessee
  • Citation Number : TS-779-ITAT-2016(HYD)-TP
  • Tax Payer : Net Cracker Technology Solutions (India) P Ltd

ITAT: Remits ALP-determination of compulsory convertible debentures interest to TPO

  • In Favour of Both, Partially
  • Citation Number : TS-778-ITAT-2016(CHNY)-TP
  • Tax Payer : Roca Bathroom Products Pvt Ltd

ITAT: Remits ALP-determination under CUP; TPO's failed to consider product, quality & geographical differences

  • In Favour of Assessee
  • Citation Number : TS-777-ITAT-2016(HYD)-TP
  • Tax Payer : Rain Commodities Ltd

ITAT: Directs AO to exclude “3M India Ltd” if RPT beyond 15% /25% threshold

  • In Favour of Both, Partially
  • Citation Number : TS-776-ITAT-2016(Mum)-TP
  • Tax Payer : Nobel Biocare India Pvt Ltd

ITAT:Remits adjustment on royalty/intra-group services, relies upon EKL Appliances ruling

  • In Favour of Assessee
  • Citation Number : TS-775-ITAT-2016(DEL)-TP
  • Tax Payer : Magotteaux Industries Pvt Ltd

ITAT: Dismisses assessee’s appeal on trademark sub-license fees adjustment considering MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-771-ITAT-2016(DEL)-TP
  • Tax Payer : GKN Driveline India Ltd