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ITAT: Invalidates assessment order as draft order passed with demand & penalty notices

Sep 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2023(Mum)-TP
  • Tax Payer : Integreon Managed Solutions (India) Pvt. Ltd

ITAT: Assessee demonstrated need/benefit test, no infirmity in cost-allocation; Deletes IGS-adjustment

Sep 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-549-ITAT-2023(Mum)-TP
  • Tax Payer : Emerson Network (Power (India) Private Limited

ITAT: Rejects NIL ALP of royalty payment, remits management fee adjustment; Follows earlier order

Sep 14, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-547-ITAT-2023(CHNY)-TP
  • Tax Payer : Siemens Gamesa Renewable Power Pvt Ltd

ITAT: Accepts CUP for benchmarking consultancy services; Dismisses stay-application being infructuous

Sep 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-548-ITAT-2023(DEL)-TP
  • Tax Payer : Willis Towers Watson India Pvt Ltd

ITAT: Deletes AMP adjustment for Kellogg India; Follows earlier ruling

Sep 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2023(Mum)-TP
  • Tax Payer : Kellogg India Private Limited

ITAT: Deletes TP-adjustment disallowing interest paid to AE, observes Bank's PLR not comparable

Sep 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2023(Mum)-TP
  • Tax Payer : AAA Corp Exim India Pvt Ltd

ITAT: Deletes SDT adjustment made pursuant to omission of 92BA(i); Follows precedent

Sep 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2023(Kol)-TP
  • Tax Payer : Softel Overseas Pvt Ltd

ITAT: Adopts RPM over TNMM for benchmarking import transaction; Follows earlier order

Sep 12, 2023
  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2023(Mum)-TP
  • Tax Payer : Celio Future Fashion Pvt Ltd

ITAT: Remits ALP-determination of management fee, royalty and sale promotion expenses; Follows precedents

Sep 12, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-543-ITAT-2023(Bang)-TP
  • Tax Payer : United Breweries Ltd

ITAT: Deletes TP-adjustment for availing IGS, observes assessee fulfilled need/benefit test

Sep 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-541-ITAT-2023(Mum)-TP
  • Tax Payer : Lord India Private Limited

HC: Quashes final assessment order passed without issuing draft assessment order; Follows precedents

Sep 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-540-HC-2023(BOM)-TP
  • Tax Payer : CWT India Private Limited

ITAT: Deletes TP addition qua IGS; Remits adjustment qua Technical Know-how-Royalty

Sep 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-539-ITAT-2023(DEL)-TP
  • Tax Payer : Contitech India Pvt Ltd

ITAT: Deletes TP-adjustment for loss making 80IC unit

Sep 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2023(CHANDI)-TP
  • Tax Payer : Milestone Gears Private Limited

ITAT: Quashes assessment-order passed in non-existing company's name despite intimation

Sep 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2023(Mum)-TP
  • Tax Payer : India Medtronic Private Limited

ITAT: Remits royalty benchmarking; Directs to adopt ‘Other Method’ to benchmark royalty payment

Sep 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2023(Mum)-TP
  • Tax Payer : ASB International Private Limited

ITAT: Partly accepts pleas wrt comparable-selection; Directs 6% interest rate on outstanding receivables

Sep 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2023(HYD)-TP
  • Tax Payer : EPAM Systems India Pvt Ltd

ITAT: Remands TP-adjustments qua goods' import, payment of royalty & IT-service charges

Sep 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-533-ITAT-2023(Mum)-TP
  • Tax Payer : Oetiker India Private Limited

ITAT: Deletes TP-adjustments qua AMP expenses, payments for royalty & services; Follows precedent

Sep 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2023(Mum)-TP
  • Tax Payer : Mondelez India Foods P Ltd (formerly known as Cadbury India Ltd.)

ITAT: Rules on comparables qua purchase, sale of goods; Remits TP adjustment

Sep 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2023(HYD)-TP
  • Tax Payer : R.A.K. Ceramics India Pvt. Ltd

HC: Sets aside assessment order passed without draft order

Sep 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-528-HC-2023(KAR)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd