Updates ( 9073 results )

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ITAT: Holds forex gain consequent to export realization as operating income, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-571-ITAT-2015(Bang)-TP
  • Tax Payer : Guhring India Pvt. Ltd

ITAT: Dismisses assessee's appeal as infructuous; TP adjustment issue resolved under MAP proceedings

  • In Favour of Both, Partially
  • Citation Number : TS-570-ITAT-2015(Bang)-TP
  • Tax Payer : Ocwen Financial Solution Pvt Ltd

ITAT: Correct PLI computation paramount for comparability analysis; Remits operating / non-operating items examination

  • In Favour of Both, Partially
  • Citation Number : TS-567-ITAT-2015(DEL)-TP
  • Tax Payer : Conexant Systems Pvt Ltd

ITAT: Confirms disallowance u/s 37 for reimbursement to AE not substantiated with evidence

  • In Favour of Both, Partially
  • Citation Number : TS-565-ITAT-2015(Mum)-TP
  • Tax Payer : Godrej Sara Lee Ltd

ITAT:Deletes concealment penalty absent assessee’s lack of due diligence in ALP determination

  • In Favour of Assessee
  • Citation Number : TS-564-ITAT-2015(Mum)-TP
  • Tax Payer : Babcock & Brown India Pvt Ltd

ITAT:Excludes functionally different companies for assessee engaged in R&D of application solutions

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2015(HYD)-TP
  • Tax Payer : AMD Research & Development Centre India Pvt Ltd

ITAT:Remits method of computing margin & verification of expenses relating AE purchases

  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2015(Mum)-TP
  • Tax Payer : Signity India Pvt Ltd

ITAT:Remits capacity utilization / depreciation adjustments & selection of loss making comparables

  • In Favour of Both, Partially
  • Citation Number : TS-560-ITAT-2015(Mum)-TP
  • Tax Payer : Advance Power Display Systems Ltd

ITAT: Restricts interest adjustment on intercompany-receivable to net balance; Excludes comparables following precedents

  • In Favour of Assessee
  • Citation Number : TS-559-ITAT-2015(DEL)-TP
  • Tax Payer : Bentley Systems India Pvt Ltd

ITAT: Assessee not software product company, rejects recharacterization; directs component-wise forex gains examination

  • In Favour of Assessee
  • Citation Number : TS-557-ITAT-2015(Mum)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd

HC: Dismisses Revenue’s appeal challenging Cosmic Global and Accentia Technologies exclusion as comparables

  • In Favour of Assessee
  • Citation Number : TS-555-HC-2015(DEL)-TP
  • Tax Payer : Xchanging Technology Services India Pvt Ltd.

ITAT: Rejects 6 comparables based on functionally dissimilarity, exceptional events, significant brand value

  • In Favour of Assessee
  • Citation Number : TS-554-ITAT-2015(HYD)-TP
  • Tax Payer : Hyundai Motors India Engineering P Ltd

ITAT: Quashes Rs.1.27cr adjustment deletion; CIT(A) to reconsider working capital adjustment issue

  • In Favour of Revenue
  • Citation Number : TS-553-ITAT-2015(DEL)-TP
  • Tax Payer : BT (India) Pvt Ltd

ITAT:Benefit for intra-group services not TPO’s concern, AO to decide Sec 37 deductibility

  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2015(DEL)-TP
  • Tax Payer : Avon Beauty Products India Pvt. Ltd

ITAT: Upholds Sec 271G penalty deletion; Share capital investment in subsidiary not international transaction

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2015(HYD)-TP
  • Tax Payer : Hill County Properties Limited

ITAT: Exclude comparables due to functional differences, turnover filter; Follows Airbus India ruling

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2015(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt. Ltd

ITAT: Excludes 13 comparables, follows ruling in case of Sonus Networks & Cisco Systems

  • In Favour of Assessee
  • Citation Number : TS-549-ITAT-2015(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt. Ltd

ITAT: Excludes 4 comparables citing functional differences with software development service provider assessee

  • In Favour of Assessee
  • Citation Number : TS-548-ITAT-2015(Bang)-TP
  • Tax Payer : Ikanos Communication India Pvt ltd

ITAT:Allocates indirect expenses to agency & distribution activity in GP ratio, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2015(DEL)-TP
  • Tax Payer : Corning S.A, India Branch Office

ITAT: Cancels Rs 68 Cr assessment; Order passed on “non-existent entity” post merger date invalid

  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2015(Bang)-TP
  • Tax Payer : GE Medical Systems (India) Pvt. Ltd vs. DCIT (Since merged with Wipro GE Healthcare Pvt Ltd)