Updates ( 9073 results )

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ITAT: TPO to recompute ALP of AMP expense following SB ruling in L.G.Electronics

  • In Favour of Assessee
  • Citation Number : TS-53-ITAT-2014(Mum)-TP
  • Tax Payer : Johnson & Johnson Ltd.

ITAT: Upholds CIT(A) Order, allows 5% volume discount & benefit of +/-5%

  • In Favour of Assessee
  • Citation Number : TS-52-ITAT-2014(Mum)-TP
  • Tax Payer : Colour Chem Ltd

ITAT: Incurring losses only in current year not ground to reject comparables

  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2014(Mum)-TP
  • Tax Payer : Welspun Zucchi Textiles Ltd.

ITAT:Upholds TNMM over CPM; Assessee itself offered TNMM as alternate method

  • In Favour of Both, Partially
  • Citation Number : TS-44-ITAT-2014(HYD)-TP
  • Tax Payer : Saven Technologies Ltd.

ITAT: TPO cannot question commercial wisdom of assessee; Follows HC ruling in EKL appliances 

  • In Favour of Assessee
  • Citation Number : TS-43-ITAT-2014(HYD)-TP
  • Tax Payer : Air Liquide Engineering India P. Ltd

ITAT:Upholds profit sharing based on rate card system for logistic service provider 

  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2014(Mum)-TP
  • Tax Payer : DHL Danzas Lemuir Pvt . Ltd.

ITAT: Rejects comparables for extraordinary events, functional dissimilarity; Follows Intoto Software ruling

  • In Favour of Both, Partially
  • Citation Number : TS-38-ITAT-2014(HYD)-TP
  • Tax Payer : CNO IT Services (India) Pvt. Ltd.

ITAT: DRP can’t set aside matter to AO; Excludes functionally different comparables

  • In Favour of Both, Partially
  • Citation Number : TS-367-ITAT-2013(Bang)-TP
  • Tax Payer : IBM India Pvt. Ltd.

ITAT:Recoupment from AE is international transaction, reporting it as Note not proper

  • In Favour of Both, Partially
  • Citation Number : TS-36-ITAT-2014(Mum)-TP
  • Tax Payer : Nobel Biocare India Pvt . Ltd.

ITAT: Rejects comparable engaged in diversified activities, absent segmental information

  • In Favour of Assessee
  • Citation Number : TS-35-ITAT-2014(Mum)-TP
  • Tax Payer : Carlyle India Advisors Pvt. Ltd.

ITAT: Accepts internal TNMM over external TNMM, relies on Tecnimont ICB ruling 

  • In Favour of Assessee
  • Citation Number : TS-33-ITAT-2014(Mum)-TP
  • Tax Payer : Cable & Wireless (India) Ltd.

ITAT: Interest on deposit with Citibank at ALP, rate same for third parties

  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2014(Mum)-TP
  • Tax Payer : Orbitech Ltd.

ITAT: Extends stay in Maersk Global Special Bench case

  • In Favour of Assessee
  • Citation Number : TS-31-ITAT-2014(Mum)-TP
  • Tax Payer : Maersk Global Service Centres (India) Pvt. Ltd.

ITAT: Rejects comparable with high turnover, low employee cost ratio & unreliable financial results

  • In Favour of Both, Partially
  • Citation Number : TS-30-ITAT-2014(HYD)-TP
  • Tax Payer : Market Tools Research Pvt. Ltd.

ITAT:Approves royalty ALP, rejects TPO's comparison of gross rates with net royalty 

  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2014(Mum)-TP
  • Tax Payer : Dow Agrosciences India Pvt. Ltd.

ITAT:Royalty payment at ALP considering average royalty rate as per RBI/SIA approvals

  • In Favour of Assessee
  • Citation Number : TS-28-ITAT-2014(Mum)-TP
  • Tax Payer : Johnson & Johnson Ltd.

ITAT: Reimbursement not part of turnover while applying RPT filter

  • In Favour of Both, Partially
  • Citation Number : TS-26-ITAT-2014(HYD)-TP
  • Tax Payer : Cordys R & D (India) Pvt. Ltd.

ITAT: Rejects ALP of professional services at Nil; evidences not appreciated by TPO 

  • In Favour of Assessee
  • Citation Number : TS-25-ITAT-2014(Mum)-TP
  • Tax Payer : Platinum Guild India Private Limited

HC:Upholds ITAT order; Remitting matter to AO not inappropriate exercise of jurisdiction 

  • In Favour of Assessee
  • Citation Number : TS-24-HC-2014(CAL)-TP
  • Tax Payer : Dongfang Electric Corporation

ITAT: Accepts ALP of interest at LIBOR plus percentage points; Earlier ruling followed 

  • In Favour of Assessee
  • Citation Number : TS-23-ITAT-2014(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd. vs. Addl. CIT