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ITAT: Remands comparability & working capital, risk adjustments; TP-study using multiple-year data unreliable

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2015(Bang)-TP
  • Tax Payer : Parametric Technology (India) Pvt Ltd

ITAT: Includes comparable without depreciation adjustment to margin, considering earlier AY DRP order

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2015(Mum)-TP
  • Tax Payer : Progility technologies Private Limited (Formerly Unify Enterprise Communications Private Limited)

ITAT: Excludes 5 comparables for software development service & 3 for ITeS considering functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2015(Bang)-TP
  • Tax Payer : Unisys India Private Ltd

ITAT:Share premium received from AE not ‘income’; Follows Vodafone / Shell HC judgments

  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2015(Mum)-TP
  • Tax Payer : Supergems (India) Private Limited

ITAT:AE transaction not appropriate comparable for TP analysis; Directs consideration of uncontrolled comparables

  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2015(Mum)-TP
  • Tax Payer : Greaves Cotton Ltd

ITAT: Rejects 4 comparable w.r.t marketing support service; 5 benefit not standard deduction

  • In Favour of Assessee
  • Citation Number : TS-508-ITAT-2015(Ahd)-TP
  • Tax Payer : Lubrizol Advanced Materials India Pvt Ltd

ITAT:Remits AMP-issue; Declines restraining TPO from considering ITAT directions for other year

  • In Favour of Both, Partially
  • Citation Number : TS-507-ITAT-2015(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd

ITAT: Upholds exclusion of 15 comparables based on functionally dissimilarity and turnover filter

  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2015(Bang)-TP
  • Tax Payer : Novell Software Development (India) Pvt Ltd

ITAT: Excludes comparable with abnormal profits arising due to amalgamation

  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2015(Bang)-TP
  • Tax Payer : Synopsis India P Ltd

ITAT: Grants stay against demand of Rs. 2.6 Cr; Assessee already paid > 50%

  • In Favour of Assessee
  • Citation Number : TS-503-ITAT-2015(Bang)-TP
  • Tax Payer : Yodlee Infotech P Ltd

ITAT: Allows assessee’s appeal; Rejects 19 comparables for software development service

  • In Favour of Assessee
  • Citation Number : TS-502-ITAT-2015(Bang)-TP
  • Tax Payer : Autodesk India Pvt Ltd

ITAT: Rules in assessee’s favour; Upholds internal TNMM over external TNMM

  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2015(Bang)-TP
  • Tax Payer : Agila Specialities Pvt Ltd (Now merged with Mylan Laboratories Ltd)

ITAT:Accepts assessee’s CUP over TPO’s TNMM; Rejects TPO’s comparable citing functional differences

  • In Favour of Assessee
  • Citation Number : TS-499-ITAT-2015(CHANDI)-TP
  • Tax Payer : Shri Davinder Kumar Bhasin

ITAT: Excludes 7 comparable due to functional differences, relies upon 3DPLM Software ruling

  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2015(Bang)-TP
  • Tax Payer : Support.com India P Ltd

ITAT: Rejects 11 companies as incomparable for software development services; Follows earlier ITAT rulings

  • In Favour of Assessee
  • Citation Number : TS-497-ITAT-2015(Bang)-TP
  • Tax Payer : SAP Labs India Private Limited

ITAT: Excludes functionally dissimilar comparables; Denies risk-adjustment as similar risk borne by comparables

  • In Favour of Assessee
  • Citation Number : TS-496-ITAT-2015(Bang)-TP
  • Tax Payer : Meritor LVS India (P) Ltd

ITAT: Excludes comparable owning intangibles, developing software products; First Advantage ruling relied

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2015(Bang)-TP
  • Tax Payer : AMD India Private Ltd

ITAT: Rejects CIT (A)’s ‘arbitrary’ modification of 25% employee-cost filter

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2015(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd

ITAT: Excludes comparables following precedents; Upholds concealment penalty deletion following Reliance Petro-product ruling

  • In Favour of Assessee
  • Citation Number : TS-493-ITAT-2015(HYD)-TP
  • Tax Payer : United Online Software Development (India) Pvt Ltd

ITAT: Excludes ‘Accentia’, includes ‘Microland’ as comparables for ITES segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-485-ITAT-2015(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd