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ITAT: Deletes royalty TP-adjustment but clarifies Coca Cola HC-ruling on RBI approval inapplicable

  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2016(Mum)-TP
  • Tax Payer : SI Group India Limited

ITAT: Deletes interest adjustment on delayed realization of AE-debts; Follows Rusabh Diamonds ruling

  • In Favour of Assessee
  • Citation Number : TS-199-ITAT-2016(Mum)-TP
  • Tax Payer : Firestone Diamond Pvt. Ltd

ITAT:Remits management fees payment for examination of evidences not filed during assessment

  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2016(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd

ITAT: Remits comparability of E-Infochips for re-examination of segmental information availability

  • In Favour of Assessee
  • Citation Number : TS-197-ITAT-2016(HYD)-TP
  • Tax Payer : Bruno’s Computer Solutions & Software Pvt Ltd

ITAT: Allows assessee’s appeal withdrawal as TP-issue resolved under Indo-USA MAP

  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2016(Bang)-TP
  • Tax Payer : Affiliated Computer Services of India Pvt Ltd

ITAT:Remits matter for admission of additional evidence; Relies on Avan-Gidwani ruling

  • In Favour of Assessee
  • Citation Number : TS-189-ITAT-2016(Mum)-TP
  • Tax Payer : DSV Air & Seas Private Ltd

ITAT: Directs adoption of LIBOR+2% for benchmarking loan to foreign AE; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-188-ITAT-2016(Mum)-TP
  • Tax Payer : S B & T International Ltd

ITAT: Cannot exclude functionally comparable company merely because working-capital impact over 4%

  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2016(Bang)-TP
  • Tax Payer : Logica Private Limited

ITAT:Directs CIT(A) to decide assessee’s appeal on merits, deficient appeal memo rectified

  • In Favour of Assessee
  • Citation Number : TS-186-ITAT-2016(Mum)-TP
  • Tax Payer : Mercator Ltd

ITAT: Deletes TP-addition on corporate guarantee; Follows earlier AY decision in own case

  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2016(Mum)-TP
  • Tax Payer : Siro Clinpharm Private Limited

ITAT: Directs adoption of AE country interest rates for outbound loan; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-184-ITAT-2016(Bang)-TP
  • Tax Payer : Subex Limited

ITAT: Directs verification of ‘Loan Connector’ database rates for benchmarking interest received

  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2016(Bang)-TP
  • Tax Payer : Subex Ltd

ITAT: Remits ALP-determination for export transaction; Notes cost-plus method accepted in subsequent years

  • In Favour of Assessee
  • Citation Number : TS-179-ITAT-2016(Kol)-TP
  • Tax Payer : Magnum Clothing (P) Ltd

HC: Dismisses Revenue’s appeal against ITAT’s remand for undertaking risk adjustment following Motorola-ruling

  • In Favour of Assessee
  • Citation Number : TS-178-HC-2016(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd

ITAT: Excludes 7 comparables for ITES-provider; Upholds CIT (A)'s exclusion of loss-making comparables

  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2016(Bang)-TP
  • Tax Payer : Amba Research (India) P Ltd

ITAT: Excludes e-Clerx (a KPO) as comparable for BPO service provider; Follows Rampgreen HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-176-ITAT-2016(DEL)-TP
  • Tax Payer : Genpact Services LLC

ITAT: Upholds Sec 271(1)(c) penalty deletion as TP-addition not sustained in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-172-ITAT-2016(Ahd)-TP
  • Tax Payer : Mission Pharma Logistics (India) P Ltd

ITAT:Prefers combined TNMM over CUP for royalty benchmarking absent comparable transaction

  • In Favour of Both, Partially
  • Citation Number : TS-168-ITAT-2016(DEL)-TP
  • Tax Payer : Frigoglas India Pvt Ltd

ITAT: Restricts TP adjustment to transactions with AEs; Rejects Revenue’s ‘entity-level TNMM’ argument

  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2016(Mum)-TP
  • Tax Payer : DiagnoSearch Life Sciences Private Limited

ITAT:Deletes TP-addition for technical services receipt from AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2016(Mum)-TP
  • Tax Payer : PERI India Pvt Ltd