Updates ( 8211 results )

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ITAT: Deletes TP-adjustments for IGS, accepts internal CUP; Follows precedents

Jul 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2023(Mum)-TP
  • Tax Payer : ACC Limited

ITAT: Partially allows capital utilization adjustments; Restricts TP-adjustments to international transactions only

Jul 05, 2023
  • In Favour of Revenue
  • Citation Number : TS-409-ITAT-2023(Ahd)-TP
  • Tax Payer : Huntsman International (India) Private Limited

ITAT: Excludes 9 comparables for Standard Chartered Finance Limited; Cites functional-dissimilarity, different-accounting year etc

Jul 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-410-ITAT-2023(Mum)-TP
  • Tax Payer : Standard Chartered Finance Ltd

ITAT: Remits assessee's plea claiming deduction u/s.80IA qua power generating units; Follows precedents

Jul 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2023(Mum)-TP
  • Tax Payer : ACC Limited

ITAT: Remits margin computation, risk adjustment plea; Excludes functionally-dissimilar comparable

Jul 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-405-ITAT-2023(Bang)-TP
  • Tax Payer : 24/7 Customer Private Limited

ITAT: Fixes corporate guarantee fee @ 0.5%, deletes adjustment qua interest on loan

Jul 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-406-ITAT-2023(Ahd)-TP
  • Tax Payer : Nirma Limited

ITAT: Quashes TPO’s order, final assessment order as being barred by limitation for Shell India

Jul 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2023(Mum)-TP
  • Tax Payer : Shell India Market Pvt Ltd

HC: Disposes of Revenue's appeal basis substantial questions of law covered by other judgments

Jul 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-939-HC-2022(BOM)-TP
  • Tax Payer : Warburg Pincus India pvt ltd

ITAT: Excludes Apitco as comparable as it worked on govt. projects; Follows precedents

Jul 03, 2023
  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2023(DEL)-TP
  • Tax Payer : Turner & Townsend Pvt Ltd

ITAT: Rules on comparables; Treats fixed-assets written off as non-operating

Jul 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-401-ITAT-2023(Bang)-TP
  • Tax Payer : AMD India Private Limited

ITAT: Admits additional evidence qua extraordinary expenses; Remits for verification

Jul 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-402-ITAT-2023(HYD)-TP
  • Tax Payer : HM CLAUSE India Private Limited

ITAT: Holds internal CUP as MAM for export transaction; Fixes guarantee-commission @ 0.5%

Jun 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-397-ITAT-2023(DEL)-TP
  • Tax Payer : Global Green Company Ltd

ITAT: MAP rate agreed for a part of the year applies to the whole year

Jun 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-398-ITAT-2023(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation Pvt. Ltd.

ITAT: Rules on comparables for WOS of Levi Strauss; Follows precedents

Jun 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-399-ITAT-2023(Bang)-TP
  • Tax Payer : Levi Strauss (India) Pvt Ltd

ITAT: Excludes comparables citing high turnover; Applies interest @ LIBOR+200bps on receivables

Jun 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2023(Bang)-TP
  • Tax Payer : Concur Technologies India Private Limited

ITAT: Quashes DRP order absent valid DIN; Follows precedent

Jun 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2023(Bang)-TP
  • Tax Payer : Practo Technologies Pvt Ltd

ITAT: Excludes Acropetal Technologies as comparable, cites financial irregularities due to fraud committed

Jun 29, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-396-ITAT-2023(CHNY)-TP
  • Tax Payer : Doosan Power Systems India Pvt Limited

ITAT: Dismisses assessee's plea; Holds issues cannot be reargued as impermissible u/s.254(2)

Jun 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2023(Bang)-TP
  • Tax Payer : Mindteck (India) Ltd.

ITAT: Allocates forex loss based on proportion of export sales by SEZ; Fixes 0.5% guarantee fee

Jun 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-392-ITAT-2023(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.

ITAT: Quashes TPO’s time barred order in second round of proceedings for CAE India

Jun 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-390-ITAT-2023(Bang)-TP
  • Tax Payer : CAE India Pvt Limited