Updates ( 9073 results )

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ITAT:Approves 0.2 guarantee commission; TPO's benchmark without analysis rejected 

  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2013(Mum)-TP
  • Tax Payer : Asian paints Ltd.

ITAT:Directs fresh determination of ALP after determining nature of services rendered 

  • In Favour of Both, Partially
  • Citation Number : TS-352-ITAT-2013(HYD)-TP
  • Tax Payer : Broadridge Financial Solutions (India) Pvt. Ltd.

ITAT:Rejects domestic PLR for determining ALP for interest on foreign currency loan 

  • In Favour of Assessee
  • Citation Number : TS-350-ITAT-2013(COCH)-TP
  • Tax Payer : Apollo Tyres Ltd

ITAT:Upholds claim for risk adjustment; Single customer risk only an anticipatory risk 

  • In Favour of Both, Partially
  • Citation Number : TS-348-ITAT-2013(HYD)-TP
  • Tax Payer : DE Shaw India Software Pvt.Ltd.

ITAT:Directs fresh computation of working capital adjustment 

  • In Favour of Assessee
  • Citation Number : TS-347-ITAT-2013(DEL)-TP
  • Tax Payer : Genpact Services LLC

ITAT: Follows earlier ruling; No denial of 10B benefit based on TPO's ALP 

  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2013(CHNY)-TP
  • Tax Payer : Tweezerman (India) Pvt. Ltd

ITAT: ALP not same as ordinary profits for Sec. 10B; Follows Visual Graphics 

  • In Favour of Assessee
  • Citation Number : TS-343-ITAT-2013(CHNY)-TP
  • Tax Payer : MPS Limited

ITAT:Directs re-adjudication of concealment penalty under Expl 7 to Sec. 271(1)(c) 

  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2013(PUN)-TP
  • Tax Payer : Haworth (India) Private Limited

ITAT:Confirms TP adjustment for commission; Quotation not fructified in transaction not CUP 

  • In Favour of Revenue
  • Citation Number : TS-341-ITAT-2013(DEL)-TP
  • Tax Payer : Sinosteel India Pvt. Ltd.

ITAT: CIT(A) to adjudicate TP issue related to referral fees paid to AE 

  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2013(Mum)-TP
  • Tax Payer : Citi Financial Insurance (I) Ltd.

ITAT:Permits assessee to exclude comparable originally selected by him; Follows SB ruling 

  • In Favour of Assessee
  • Citation Number : TS-338-ITAT-2013(Ahd)-TP
  • Tax Payer : Lubrizol Advanced Materials India Private Ltd.

ITAT:Deletes TP adjustment; TPO must give opportunity before adopting new comparables 

  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2013(Mum)-TP
  • Tax Payer : Mettler Toledo (I) P. Ltd.

ITAT:Set aside non-speaking DRP order; Directs reconsideration of capacity adjustment claim 

  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2013(Mum)-TP
  • Tax Payer : Advance Power Display Systems Ltd.

ITAT: Follows earlier ruling; Only uncontrolled transactions can be used as 'comparable' 

  • In Favour of Assessee
  • Citation Number : TS-334-ITAT-2013(Mum)-TP
  • Tax Payer : Hinduja Ventures Ltd.

ITAT: CIT(A) failed to consider retro amendment on 'receivable' transaction; Remands back matter 

  • In Favour of Both, Partially
  • Citation Number : TS-333-ITAT-2013(Mum)-TP
  • Tax Payer : Sanghavi Exports

ITAT:MA against adoption of bank interest rate instead of LIBOR, rejected 

  • In Favour of Revenue
  • Citation Number : TS-332-ITAT-2013(HYD)-TP
  • Tax Payer : Dr. Reddy’s Laboratories Ltd.

ITAT:Interest on Bank deposits adopted as ALP for loans advanced to subsidiaries 

  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2013(HYD)-TP
  • Tax Payer : Dr. Reddy’s Laboratories Limited

ITAT: Guarantee commission @ 0.5% appropriate; Follows Nimbus Communications ruling

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2013(Mum)-TP
  • Tax Payer : Godrej Household Products Ltd.

ITAT:TPO to consider assessee’s objections on comparables w.r.t derivative/fixed income transactions 

  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2013(Mum)-TP
  • Tax Payer : Societe Generale

ITAT:Allows volume discount adopting Rule of consistency; Excel Industries ruling followed 

  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2013(Mum)-TP
  • Tax Payer : Clariant Chemicals (India) Ltd.