Updates ( 8211 results )

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ITAT: Rules on comparables selection for administrative support services provider

Aug 05, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2024(HYD)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited

ITAT: Applies 10 times turnover filter on both lower and upper side; Remits comparables

Aug 05, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2024(HYD)-TP
  • Tax Payer : Benu Networks Packet Switch Private Limited

ITAT: Deletes TP-adjustments qua trademark fee payment, interest on receivables for Goodyear India

Aug 02, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-322-ITAT-2024(DEL)-TP
  • Tax Payer : Goodyear India Ltd

ITAT: Remits expense reimbursement adjustment, assessee's functions in engaging unrelated event-manager require examination

Aug 02, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-323-ITAT-2024(Mum)-TP
  • Tax Payer : Bestseller Fashion India Private Limited

ITAT: Directs TPO to pass speaking order on risk-adjustment; Deletes adjustment qua outstanding-receivables

Aug 02, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-324-ITAT-2024(DEL)-TP
  • Tax Payer : Fare Portal India Pvt Ltd

ITAT: Grants voluntary TP adjustment; Adopts interest on outstanding receivables at LIBOR+250 bps

Aug 01, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-321-ITAT-2024(HYD)-TP
  • Tax Payer : Macromill Research India LLP

ITAT: No precise working provided under CUP/Other Method for determining ALP, remits SDT-adjustment

Aug 01, 2024
  • In Favour of Revenue
  • Citation Number : TS-319-ITAT-2024(CTK)-TP
  • Tax Payer : NCC-SMASL-JRT(JV)

ITAT: Rules on comparables; Benchmarks interest on delayed AE-receivables at LIBOR+250bps

Jul 31, 2024
  • In Favour of Revenue
  • Citation Number : TS-318-ITAT-2024(HYD)-TP
  • Tax Payer : Capgemini Technology Services India Ltd (formerly known as IGATE Global Solutions Ltd)

ITAT: Rules on TP-adjustment qua AMP expenses, royalty payment etc; Follows earlier order

Jul 31, 2024
  • In Favour of Assessee
  • Citation Number : TS-317-ITAT-2024(DEL)-TP
  • Tax Payer : Tupperware India Pvt. Ltd.

ITAT: Upholds guarantee commission, interest on AE-receivables as international transactions; Follows precedents

Jul 30, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-316-ITAT-2024(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.

ITAT: Accepts assessee’s plea w.rt. selection of comparables for IT, sales, MSS segments

Jul 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-315-ITAT-2024(Mum)-TP
  • Tax Payer : Western Outdoor Interactive Pvt Ltd

ITAT: Confirms CIT(A)’s deletion of AMP adjustment; Follows earlier order, Maruti Suzuki India

Jul 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-312-ITAT-2024(DEL)-TP
  • Tax Payer : Wrigley India Private Limited

ITAT: Accepts CUP over TNMM for royalty-payment; Deletes TP-adjustments qua expense reimbursement

Jul 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2024(DEL)-TP
  • Tax Payer : Benetton India Private Ltd

ITAT: Remits TP-adjustment w.r.t non-Korean AEs, whether similar to MAP covered Korean-AE transactions

Jul 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2024(CHNY)-TP
  • Tax Payer : Mando Automotive India Private Limited

ITAT: Holds final assessment orders as time-barred; Follows precedents

Jul 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2024(HYD)-TP
  • Tax Payer : Rapiscan Systems In, US

ITAT: Determines corporate guarantee fee at 0.50%, interest on receivables at LIBOR+200 points

Jul 26, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-310-ITAT-2024(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.

ITAT: Expenses incurred between the period of AE-agreement termination & closure of business not operating cost

Jul 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2024(HYD)-TP
  • Tax Payer : Azingo Soft Systems India Private Limited

ITAT: Allows assessee’s appeals as assessments were quashed by earlier order

Jul 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2024(HYD)-TP
  • Tax Payer : Vivimed Labs Limited

HC: Upholds ITAT-order deleting TP-addition qua IGS-payment & interest on receivables

Jul 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-305-HC-2024(DEL)-TP
  • Tax Payer : A T Kearney Limited

ITAT: Holds RPM as MAM for assessee selling goods without value addition, rules on comparables

Jul 24, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2024(Mum)-TP
  • Tax Payer : Jushi India Fiberglass Private Limited