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SC: Dismisses Revenue’s SLP against HC-order in AMD India's case considering low tax effect

Mar 20, 2024
  • In Favour of None/NA
  • Citation Number : TS-109-SC-2024-TP
  • Tax Payer : AMD India Private Ltd

ITAT: Restores TP-adjustment w.r.t ITeS, payment for K-Net charges considering India-US Bilateral APA

Mar 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2024(DEL)-TP
  • Tax Payer : A.T. Kearney Ltd

HC: Dismisses Revenue's appeal against ITAT's exclusion of Infosys, Persistent etc as comparables

Mar 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-106-HC-2024(DEL)-TP
  • Tax Payer : NEC Technologies India P Ltd

ITAT: Deletes TP-adjustment in case of Maruti Suzuki India, notes comparables margin higher than assessee

Mar 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-103-ITAT-2024(DEL)-TP
  • Tax Payer : Maruti Suzuki India Limited

ITAT: Holds TPO's order, final assessment order barred by limitation; Follows precedents

Mar 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2024(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd

ITAT: Order conforming to Tecnimont HC-decision, non-consideration of coordinate-bench rulings not 'error'

Mar 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2024(HYD)-TP
  • Tax Payer : Quislex Legal Services P Ltd

ITAT: Accepts unaudited segmental accounts; Deletes adjustment qua agency, marketing support services

Mar 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2024(DEL)-TP
  • Tax Payer : Spectris Technologies [P] Ltd

ITAT: Adjudicates TP-adjustment on outstanding receivables, upholds LIBOR-application

Mar 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-96-ITAT-2024(DEL)-TP
  • Tax Payer : Jubilant Pharmova Ltd

ITAT: Dismisses assessee’s plea seeking inclusion of company; Cites unavailability of segmental results

Mar 14, 2024
  • In Favour of Revenue
  • Citation Number : TS-98-ITAT-2024(DEL)-TP
  • Tax Payer : CBRE South Asia (P) Ltd

ITAT: Accepts actual royalty received, deletes adjustment for notional amount; Applies consistency rule

Mar 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-95-ITAT-2024(Mum)-TP
  • Tax Payer : Asian Paints Ltd

HC: Upholds Tribunal’s ruling deleting TP-adjustments on royalty, technical service, commission, outstanding receivables

Mar 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-94-HC-2024(DEL)-TP
  • Tax Payer : COIM India Pvt Ltd

ITAT: Accepts payment of interest on ECB at LIBOR+275 bps, remits working capital adjustment

Mar 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-91-ITAT-2024(HYD)-TP
  • Tax Payer : Medtronic Engineering and Innovation Centre Private Limited

HC: Dismisses Revenue’s appeal against ITAT-order granting appropriate capacity utilization adjustment

Mar 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-92-HC-2024(BOM)-TP
  • Tax Payer : Radhashir Jewellery Co Pvt Ltd

HC: Upholds setting aside of TPO's rectification-order passed without affording hearing opportunity

Mar 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-93-HC-2024(DEL)-TP
  • Tax Payer : Humboldt Wedag India Pvt Ltd

ITAT: Upholds deletion of adjustment qua bullion purchase, considers database capturing market volatility

Mar 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-88-ITAT-2024(Mum)-TP
  • Tax Payer : Bank of Nova Scotia

ITAT: Holds letter of comfort as international transaction; Excludes Axis Integrated Systems

Mar 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2024(Mum)-TP
  • Tax Payer : Asian Paints Ltd

HC: Confirms deletion of royalty, technical services fees adjustments; Applies rule of consistency

Mar 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-90-HC-2024(DEL)-TP
  • Tax Payer : Woodward India Pvt Ltd

ITAT: Deletes TP-adjustments w.r.t license fee payment & IT cost-allocation; Rules on comparables

Mar 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-86-ITAT-2024(Mum)-TP
  • Tax Payer : The Boston Consulting Group (India) Pvt Ltd

ITAT: Confirms CIT(A)'s deletion of TP-adjustment qua import of goods

Mar 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-87-ITAT-2024(Mum)-TP
  • Tax Payer : Best Seller Fashion India Pvt Ltd

ITAT: Deletes IGS adjustment in second round of litigation; Follows precedents

Mar 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-84-ITAT-2024(DEL)-TP
  • Tax Payer : Avery Dennison (India) Pvt Ltd