Updates ( 9073 results )

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ITAT: Grants partial stay, disputed comparables accepted as good in subsequent / earlier years

  • In Favour of Both, Partially
  • Citation Number : TS-66-ITAT-2015(Mum)-TP
  • Tax Payer : Ness Technologies (India) Pvt Ltd

ITAT:Natural justice pleaded, TP order passed summarily disregarding facts; Directs de-novo examination

  • In Favour of Assessee
  • Citation Number : TS-65-ITAT-2015(Mum)-TP
  • Tax Payer : Leighton India Contractors Private Limited

ITAT:Directs TPO to continue with TNMM even if assessee initially adopted CUP

  • In Favour of Assessee
  • Citation Number : TS-64-ITAT-2015(Bang)-TP
  • Tax Payer : Ecom Gill Coffee Trading Pvt Ltd

ITAT: Excludes comparables without segmentals, issue no longer res-integra, Quark SB decision binding

  • In Favour of Assessee
  • Citation Number : TS-61-ITAT-2015(DEL)-TP
  • Tax Payer : Ariba India Pvt Ltd

SC:Directs fresh assessment of onshore-offshore supply activities; HC had upheld ITAT’sremand

  • In Favour of Both, Partially
  • Citation Number : TS-60-SC-2015-TP
  • Tax Payer : Dongfang Electric Corporation

ITAT: Follows precedents for ITeS comparable exclusion; Operating Cost excludes reimbursements

  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2015(HYD)-TP
  • Tax Payer : HSBC Electronic Data Processing India Pvt. Ltd.

ITAT: Follows precedents to exclude companies with turnover > Rs. 200 crores, RPT > 15%

  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2013(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd

ITAT:Follows precedents; 'Motilal Oswal' not comparable for investment advisory service-provider

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2015(Mum)-TP
  • Tax Payer : Bain Capital Advisors (India) Private Limited

HC:Bombay HC admits Revenue's questions on entity-TNMM and admissibility of calculations

  • In Favour of Assessee
  • Citation Number : TS-56-HC-2015(BOM)-TP
  • Tax Payer : Super Diamonds

ITAT:Prima-facie case demonstrated by exclusion of comparable meeting bright-line; Partial Stay granted

  • In Favour of Both, Partially
  • Citation Number : TS-55-ITAT-2015(Mum)-TP
  • Tax Payer : Temasek Holdings Advisors India Private Limited

ITAT:Despite losses and negative net cashflow placed on record, full Stay denied

  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2015(Mum)-TP
  • Tax Payer : Tata Power Solar Systems Limited

ITAT: Upholds TPO’s exclusions of 'L&T’ and “Quintegra”; Follows precedents for other exclusions

  • In Favour of Both, Partially
  • Citation Number : TS-53-ITAT-2015(HYD)-TP
  • Tax Payer : Invensys Development Centre India Pvt Ltd

ITAT:Discounts/samples should not form part of AMP; Prima-facie case established; Stay granted

  • In Favour of Assessee
  • Citation Number : TS-52-ITAT-2015(Mum)-TP
  • Tax Payer : AW Faber Castell (India) Pvt Ltd

ITAT: Accepts RPT filter, excludes comparables basis precedents for software development service-provider

  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2015(PUN)-TP
  • Tax Payer : SunGard Solutions (India) Pvt Ltd

ITAT: Follows comparability precedents; Denies +/-5% u/s.92C(2A); Denies risk adjustment, CRSCR Systems distinguished

  • In Favour of Revenue
  • Citation Number : TS-49-ITAT-2015(Bang)-TP
  • Tax Payer : Misys Software Pvt Ltd

ITAT: Rejects 14 functionally different comparables for software development services, applying NXP decision

  • In Favour of Assessee
  • Citation Number : TS-48-ITAT-2015(Bang)-TP
  • Tax Payer : i2 Technologies India Pvt Ltd

ITAT: Confirms CIT(A)’s no adjustment after ALP correction; Notes TPO’s method outside S.92C

  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2015(PUN)-TP
  • Tax Payer : Crane Process Flow Technologies

ITAT: Follows Trilogy, Yodlee rulings to exclude comparables; Restricts TP adjustment to AE transactions

  • In Favour of Assessee
  • Citation Number : TS-46-ITAT-2015(Bang)-TP
  • Tax Payer : Mindteck (India) Limited

ITAT: Grants stay as comparables covered matter and 50% demand already discharged

  • In Favour of Assessee
  • Citation Number : TS-42-ITAT-2015(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd

ITAT: Comparability Exclusions: Bodhtree - differs in revenue recognition; FCS-Software - inconsistent operating profits

  • In Favour of Assessee
  • Citation Number : TS-41-ITAT-2015(PUN)-TP
  • Tax Payer : Barclays Technology Centre India Private Limited