Updates ( 8211 results )

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ITAT: Accepts royalty-payment at ALP; Remits TP-adjustment made towards interest on CCDs

Jun 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2023(Bang)-TP
  • Tax Payer : Praxair India Private Limited

ITAT: Dismisses assessee’s TP issue plea in light of APA resolution

Jun 27, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-389-ITAT-2023(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd

ITAT: Deletes TP-adjustment qua power purchase citing precedents, TPO's mistaken assumption

Jun 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2023(Ahd)-TP
  • Tax Payer : Shah Alloys Limited

ITAT: Remits TPO’s order citing non-conformity with show cause notice issued

Jun 27, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2023(Bang)-TP
  • Tax Payer : Subex Limited

ITAT: Deletes TP-adjustment qua notional interest on delayed-receivables; Follows Bombay HC rulings

Jun 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited

ITAT: Quashes TPO's order as time-barred, deletes ad-hoc mark-up on expense reimbursement

Jun 26, 2023
  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2023(Mum)-TP
  • Tax Payer : Transporter Industry International Gmbh

ITAT: Considers bad and doubtful debts as operating in nature; Excludes functionally-dissimilar companies

Jun 26, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-384-ITAT-2023(Bang)-TP
  • Tax Payer : Carl Zeiss India (Bangalore) Pvt Ltd

ITAT: Remits comparability issue for search of fresh comparables; Follows earlier order

Jun 26, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-385-ITAT-2023(DEL)-TP
  • Tax Payer : BWI Automotive Technologies Pvt Ltd

ITAT: Remits TP-addition as adverse inference drawn without giving assessee chance to explain

Jun 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-380-ITAT-2023(DEL)-TP
  • Tax Payer : Dassault Systems India Pvt Ltd

ITAT: Remits TP-adjustment qua interest on delayed receivables; Follows earlier order

Jun 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-381-ITAT-2023(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd

ITAT: Directs applicability of 15% RPT filter; Grants working capital adjustment

Jun 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-382-ITAT-2023(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd

ITAT: Rules on comparables qua SWD services; Deletes TP-adjustment on outstanding receivables

Jun 22, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-376-ITAT-2023(DEL)-TP
  • Tax Payer : Agilent Technologies (International) Pvt. Ltd.

ITAT: Excludes comparables under ITeS segment on account of turnover, functional dissimilarity etc.

Jun 22, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-377-ITAT-2023(Bang)-TP
  • Tax Payer : Ariba Technologies India Private Limited

ITAT: Excludes functionally dissimilar comparables; Allows capacity utilization adjustment

Jun 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2023(Mum)-TP
  • Tax Payer : Avana Integrated Systems Ltd

ITAT: Assessee does not qualify as ‘eligible’ u/s.144C(15)(b) basis TPO-order being time-barred

Jun 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2023(Mum)-TP
  • Tax Payer : Asus India Pvt Ltd

ITAT: Excludes functionally-dissimilar comparables; Upholds CIT(A) deleting TP-adjustment qua interest on receivables

Jun 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-375-ITAT-2023(DEL)-TP
  • Tax Payer : Barco Electronic Systems (P) Ltd

HC: Dismisses Revenue’s appeal; Holds substantial question of laws as academic

Jun 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-938-HC-2022(CAL)-TP
  • Tax Payer : Kesoram Industries Ltd

HC: Adjourns Revenue’s appeal; Directs assessee to produce order copy of earlier AY

Jun 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-937-HC-2022(CAL)-TP
  • Tax Payer : Kesoram Industries Ltd

ITAT: Remits TP-adjustments qua customs-duty, forex rate following HC-ruling for earlier AY

Jun 21, 2023
  • In Favour of Revenue
  • Citation Number : TS-372-ITAT-2023(CHNY)-TP
  • Tax Payer : Motonic India Automative Pvt Ltd

ITAT: TPO’s order barred by limitation; Quashes consequent assessment order

Jun 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-373-ITAT-2023(Mum)-TP
  • Tax Payer : Firefly Market Research India Pvt Ltd