Updates ( 9073 results )

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ITAT: TPO must prove 'abnormal loss' before excluding loss making comparables

  • In Favour of Assessee
  • Citation Number : TS-153-ITAT-2013(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited

ITAT:Accepts ALP determination for royalty under TNMM; deletes TP addition 

  • In Favour of Both, Partially
  • Citation Number : TS-152-ITAT-2013(DEL)-TP
  • Tax Payer : Lumax Industries Ltd.

ITAT:Relies on SL Lumax ruling, directs recomputation of ALP for AE imports 

  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2013(CHNY)-TP
  • Tax Payer : India Japan Lighting P. Ltd.

ITAT:Excludes Infosys & Wipro applying turnover filter; Prefers view more favourable to assessee 

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2013(DEL)-TP
  • Tax Payer : Cincom Systems India Pvt Ltd

ITAT: Absence of tax advantage motive does not jeopardize applicability of TP provisions 

  • In Favour of Both, Partially
  • Citation Number : TS-149-ITAT-2013(PUN)-TP
  • Tax Payer : PTC Software (India) Pvt. Ltd.

ITAT:Denies risk adjustment for failure to demonstrate effect on margin 

  • In Favour of Revenue
  • Citation Number : TS-146-ITAT-2013(DEL)-TP
  • Tax Payer : Premier Exploration Services Pvt. Ltd

ITAT:Conditional stay granted for prima facie case on turnover filer   

  • In Favour of Assessee
  • Citation Number : TS-144-ITAT-2013(DEL)-TP
  • Tax Payer : Pyramid IT Consulting Pvt Ltd.

ITAT:Accepts CPM based on domestic transactions over external TNMM 

  • In Favour of Both, Partially
  • Citation Number : TS-143-ITAT-2013(HYD)-TP
  • Tax Payer : Alumeco India Extrusion Ltd. (Formerly known as M/s. Pennar Profiles Ltd.)

ITAT: Comparables rejected basis extraordinary events, functional dissimilarity, RPT; Trilogy and HCL followed 

  • In Favour of Both, Partially
  • Citation Number : TS-141-ITAT-2013(HYD)-TP
  • Tax Payer : Intoto Software India Private Ltd.

ITAT: Rejects turnover filter given assessee's high turnover; excludes comparables undertaking amalgamation/acquisitions 

  • In Favour of Both, Partially
  • Citation Number : TS-140-ITAT-2013(HYD)-TP
  • Tax Payer : Cognizant Technology Services Pvt. Ltd.

ITAT:Additional grounds accepted, ALP determination of purchases from AE branch remitted back 

  • In Favour of Both, Partially
  • Citation Number : TS-139-ITAT-2013(DEL)-TP
  • Tax Payer : Tianjin Tianshi India Private Limited.

ITAT: Admits additional evidence supporting management services; TPO to re-consider issue

  • In Favour of Both, Partially
  • Citation Number : TS-138-ITAT-2013(DEL)-TP
  • Tax Payer : Nippon Leakless Talbros Pvt. Ltd.

ITAT:AO's authorised to determine ALP, when TPO returned back reference to AO 

  • In Favour of Both, Partially
  • Citation Number : TS-137-ITAT-2013(DEL)-TP
  • Tax Payer : UEM India Ltd.

ITAT:Follows Canon & LG, excludes selling expenses from AMP for marketing intangible adjustment 

  • In Favour of Revenue
  • Citation Number : TS-136-ITAT-2013(DEL)-TP
  • Tax Payer : Haier Appliances India (P) Ltd.

ITAT:Comparables excluded applying turnonver & RPT filter; Relies on Trilogy & Telcordia ruling 

  • In Favour of Both, Partially
  • Citation Number : TS-133-ITAT-2013(Bang)-TP
  • Tax Payer : HCL EAI Services Ltd.

ITAT:No concealment penalty, as TP addition deleted in quantum appeal 

  • In Favour of Assessee
  • Citation Number : TS-132-ITAT-2013(Mum)-TP
  • Tax Payer : Deutsche Asset Management (India) Private Ltd.

ITAT: Grants partial relief; Excludes comparables due to functional dissimilarity 

  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2013(Bang)-TP
  • Tax Payer : Logica Private Ltd.

ITAT:Loss-making comparables excludible where losses due to extraordinary factors affecting comparability 

  • In Favour of Both, Partially
  • Citation Number : TS-130-ITAT-2013(Mum)-TP
  • Tax Payer : TCL holdings Pvt. Ltd

ITAT:NSE data accepted as additional evidence, TPO directed to determine ALP afresh 

  • In Favour of Both, Partially
  • Citation Number : TS-128-ITAT-2013(IN)-TP
  • Tax Payer : JP Morgan Chase Bank

ITAT:Pre-sale & marketing not comparable with commission agency, absent authority to bind principal 

  • In Favour of Both, Partially
  • Citation Number : TS-127-ITAT-2013(Bang)-TP
  • Tax Payer : NDS Services Pay - TV Technology Private Limited