Updates ( 9073 results )

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ITAT: Rejects CUP for software services absent non-AE contract terms availability

  • In Favour of Both, Partially
  • Citation Number : TS-363-ITAT-2014(Bang)-TP
  • Tax Payer : ASM Technologies Ltd.

ITAT: Loan syndication, distress advisory services not comparable to investment advisory services

  • In Favour of Assessee
  • Citation Number : TS-362-ITAT-2014(Mum)-TP
  • Tax Payer : TPG Capital India Pvt. Ltd

ITAT: Excludes 'Accentia' having extraordinary event of merger as comparable, follows Symphony ruling

  • In Favour of Assessee
  • Citation Number : TS-358-ITAT-2014(PUN)-TP
  • Tax Payer : BNY Mellon International Operations (India) Pvt. Ltd.

ITAT: FAR analysis by TPO must for companies selected in assessee's updated search

  • In Favour of Assessee
  • Citation Number : TS-355-ITAT-2014(PUN)-TP
  • Tax Payer : PTC Software (India) Private Limited

ITAT: Excludes Infosys & other companies with turnover > Rs. 200 crores as comparables

  • In Favour of Assessee
  • Citation Number : TS-354-ITAT-2014(Bang)-TP
  • Tax Payer : Agile Software Enterprise Private Limited

ITAT: Excludes ‘Bodhtree’ as comparable (OP/TC 64.48) considering wide profit fluctuations over 6 years

  • In Favour of Assessee
  • Citation Number : TS-352-ITAT-2014(PUN)-TP
  • Tax Payer : Q Logic (India) Private Limited

ITAT: TPO must prove “consistent loss” before excluding company making loss in current year

  • In Favour of Assessee
  • Citation Number : TS-351-ITAT-2014(PUN)-TP
  • Tax Payer : John Deere India Pvt. Ltd.

ITAT: Grants stay extension on Kirby Building's demand considering earlier favourable ITAT order

  • In Favour of Assessee
  • Citation Number : TS-346-ITAT-2014(HYD)-TP
  • Tax Payer : Kirby Building Systems India Ltd.

ITAT: Upholds rejection of functionally different comparable, despite TPO’s acceptance in subsequent AY

  • In Favour of Both, Partially
  • Citation Number : TS-342-ITAT-2014(DEL)-TP
  • Tax Payer : Actis Advisers Pvt. Ltd.

ITAT:Conditional stay for 6 months granted on part payment of outstanding demand

  • In Favour of Assessee
  • Citation Number : TS-340-ITAT-2014(Mum)-TP
  • Tax Payer : Nivea India Pvt. Ltd.

ITAT: Rejects companies with turnover > Rs. 200 crores, follows Trilogy and Yodlee rulings

  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2014(Bang)-TP
  • Tax Payer : Actiance India Private Ltd.

HC: Upholds ITAT order excluding companies following various coordinate bench rulings

  • In Favour of Assessee
  • Citation Number : TS-338-HC-2014(AP)-TP
  • Tax Payer : CES Pvt. Ltd.

ITAT: Excludes company outsourcing substantial business as comparable; rejects risk adjustment claim

  • In Favour of Both, Partially
  • Citation Number : TS-336-ITAT-2014(DEL)-TP
  • Tax Payer : Heartland Delhi Transcription & Services Pvt. Ltd.

ITAT: Foreign exchange gains from software development services an operational income

  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2014(Bang)-TP
  • Tax Payer : Cisco Systems Services B.E. (India Branch)

ITAT: Upholds CUP for medical transcription services; Rejects TPO's TNMM

  • In Favour of Assessee
  • Citation Number : TS-334-ITAT-2014(HYD)-TP
  • Tax Payer : CBay Systems Pvt. Ltd.

ITAT: Enhances CIT(A)'s 0% RPT filter to 15%; Mere abonormal profit/loss not decisive

  • In Favour of Both, Partially
  • Citation Number : TS-333-ITAT-2014(Bang)-TP
  • Tax Payer : Vendio Technologies (India) Pvt. Ltd.

ITAT: RBI approval implies payments at arm's length; Upholds Royalty @4%

  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2014(DEL)-TP
  • Tax Payer : Owens Corning Industries (India) Pvt. Ltd.

ITAT:TPO's job limited to determine price of comparable services; commercial expediency irrelevant

  • In Favour of Assessee
  • Citation Number : TS-327-ITAT-2014(DEL)-TP
  • Tax Payer : AWB India Pvt Ltd.

ITAT: Necessary to prove rendering of services by AE; Directs furnishing of evidence

  • In Favour of Assessee
  • Citation Number : TS-326-ITAT-2014(Bang)-TP
  • Tax Payer : Cisco Systems Capital (India) Pvt.Ltd.

ITAT: Directs TPO to apply employee cost filter properly; 4 comparables failed filter

  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2014(Mum)-TP
  • Tax Payer : Ness Technologies (India) Private Limited