Updates ( 9073 results )

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ITAT: Remits functionally dissimilar comparables forming part of assessee’s own TP-study; Follows Quark-Systems

  • In Favour of Assessee
  • Citation Number : TS-446-ITAT-2015(Bang)-TP
  • Tax Payer : Hewlett - Packard (India) Globalsoft Operation P Ltd

ITAT: Remits TP-issue absent objective consideration of assessee’s submissions; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-441-ITAT-2015(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd

ITAT: Sets aside DRP’s non-speaking, cryptic order for fresh consideration, follows SC’s Sahara-ruling

  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2015(CHNY)-TP
  • Tax Payer : Shipnet Software Solutions India Pvt Ltd

ITAT: Cannot include Genisys Corporation absent evidence of satisfaction of comparability conditions / filters

  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2015(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd

ITAT: Remits comparability of 13 companies for benchmarking assessee’s ITES & e-learning transactions

  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2015(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd

ITAT:TPO should give reasoning for rejecting consistently followed method; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2015(HYD)-TP
  • Tax Payer : St. Jude Medical India Private Limited

ITAT: ‘TCS E-Serve’ comparable with ITES provider; Supernormal profits no reason for exclusion

  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2015(DEL)-TP
  • Tax Payer : Xchanging Technology Services India Private Limited

ITAT: Excludes 3 functionally dissimilar companies; Forex gain/ loss part of operating revenue

  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2015(Bang)-TP
  • Tax Payer : iPass India Pvt Ltd

ITAT: Forex gain / loss forms part of operating revenue, follows Amba Research ruling

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2015(Bang)-TP
  • Tax Payer : NXP Semi Conductors India Pvt. Ltd

ITAT: Denies 15% RPT-filter relief merely on legal proposition reliance without supporting evidence

  • In Favour of Revenue
  • Citation Number : TS-424-ITAT-2015(DEL)-TP
  • Tax Payer : ICC India Pvt Ltd

ITAT: Denies risk-adjustment, onus of quantification on assessee; Excludes ‘Satyam’ for unreliable financials

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2015(DEL)-TP
  • Tax Payer : Alcatel-Lucent Technologies

ITAT: Remits SIP Technologies for RPT-filter verification, directs TPO to follow 24/7 Customer.com ruling

  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2015(Bang)-TP
  • Tax Payer : Analog Devices India Pvt Ltd

ITAT: Forex fluctuations operational in nature; Rejects questioning nexus as 100% revenue from software-exports

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2015(Bang)-TP
  • Tax Payer : IGEFI Software India P Ltd

ITAT: Comparability analysis, not number of companies relevant for ALP determination under Rule 10B

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2015(HYD)-TP
  • Tax Payer : ADP Pvt Ltd

ITAT: Modifies ITAT order; Allows WC-adjustment for comparables retained after functional differences analysis

  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2015(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Private Ltd

ITAT: Sets aside DRP-order passed without considering assessee’s objections on capacity utilization TP-issue

  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2015(Bang)-TP
  • Tax Payer : Biesse Manufacturing Co Ltd

ITAT: CEI Ltd incomparable as RPT more than 50%, facts uncontroverted by Revenue

  • In Favour of Assessee
  • Citation Number : TS-414-ITAT-2015(Ahd)-TP
  • Tax Payer : Babite Consultants (India) Private Ltd

ITAT: Seismic services research similar to assessee’s automobile components R&D; Upholds comparable inclusion

  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2015(Bang)-TP
  • Tax Payer : Bosch Ltd

ITAT: Confirms CIT(A); TP rigors not applicable to profit making non-AE contract

  • In Favour of Assessee
  • Citation Number : TS-410-ITAT-2015(Bang)-TP
  • Tax Payer : EDS Electronic Data System India Pvt Ltd

ITAT: Directs DRP to pass speaking order considering additional evidences filed by assessee

  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2015(Mum)-TP
  • Tax Payer : Huntsman International (India) Private Limited