Updates ( 8211 results )

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ITAT: Remits benchmarking of interest on loan, upholds TPO's rejection of internal CUP

Jun 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-374-ITAT-2023(Mum)-TP
  • Tax Payer : LTIMindtree Ltd

ITAT: Allows Sec.80IA deduction qua inter unit transfer of power, follows earlier order

Jun 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-369-ITAT-2023(CHNY)-TP
  • Tax Payer : The India Cements Limited

ITAT: Directs AO/TPO to consider APA for Wipro Ltd qua interest on loan, guarantee commission

Jun 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-370-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro Limited

ITAT: Quashes TPO's order being time barred; Holds assessee 'ineligible'

Jun 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-368-ITAT-2023(Mum)-TP
  • Tax Payer : Johnson & Johnson Private Limited

ITAT: Excludes comparables basis high turnover and functional dissimilarity; Follows earlier orders

Jun 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-365-ITAT-2023(DEL)-TP
  • Tax Payer : Globe Ground India Pvt Ltd

ITAT: Admits assessee's additional ground; Remits working capital adjustment issue

Jun 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-366-ITAT-2023(Mum)-TP
  • Tax Payer : Oxford University Press

ITAT: Directs assessee to substantiate nature and benefit derived qua reimbursement expenses

Jun 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-367-ITAT-2023(Mum)-TP
  • Tax Payer : Jungheinrich Lift Truck India Private Limited

ITAT: Remits TP-adjustment qua property management advisory, brokerage-service charges; Cites TPO/DRP's non-speaking order

Jun 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-361-ITAT-2023(DEL)-TP
  • Tax Payer : Jones Lang LaSalle Property Consultants (India) Pvt Ltd

ITAT: Holds orders passed in name of non-existent company as void ab initio; Follows precedent

Jun 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-362-ITAT-2023(Bang)-TP
  • Tax Payer : SKF Engineering and Lubrication India Pvt Ltd

ITAT: Excludes 7 functionally dissimilar comparables under MSS segment, remits interest on receivables

Jun 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-363-ITAT-2023(Bang)-TP
  • Tax Payer : ARM Embedded Technologies P. Ltd

SC: Admits assessee’s SLP and issues notice granting permission to file additional documents/facts

Jun 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-1267-SC-2019-TP
  • Tax Payer : Steria India Ltd

SC: Dismisses assessee’s SLP as withdrawn

Jun 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-721-SC-2021-TP
  • Tax Payer : Steria India Ltd

ITAT: Holds corporate guarantee as international transaction; Fixes commission @ 0.5%

Jun 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-358-ITAT-2023(CHNY)-TP
  • Tax Payer : Acqueon Technologies Private Limited

ITAT: Rejects assessee's plea to apply 'weighted average method' for computing mean margin

Jun 15, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-359-ITAT-2023(Mum)-TP
  • Tax Payer : Paramount Shipping and Management Pvt Ltd

ITAT: Allows assessee’s miscellaneous petition w.r.t comparable-selection and IGS payment

Jun 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2023(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd

ITAT: Upholds TP-adjustment on corporate guarantee fee @ 1%, follows rule of consistency

Jun 14, 2023
  • In Favour of Revenue
  • Citation Number : TS-354-ITAT-2023(CHNY)-TP
  • Tax Payer : TAKE Solutions Limited

ITAT: Deletes TP-adjustment qua payment of technical services fee; Follows earlier order

Jun 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-356-ITAT-2023(Rjt)-TP
  • Tax Payer : Woco Tech Polymere Kandla Ltd

ITAT: Absent DIN in DRP directions, quashes consequential final assessment order

Jun 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2023(Bang)-TP
  • Tax Payer : Tyco Fire and Security India Private Limited

ITAT: Deletes TP-adjustment qua AMP expenditure; Follows earlier order

Jun 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-352-ITAT-2023(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd

ITAT: Rules on comparables qua SWD services, Follows earlier orders

Jun 13, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-351-ITAT-2023(Bang)-TP
  • Tax Payer : Applied Material India P Ltd