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ITAT: No notional cost for calculating Assessee’s PLI; Accepts LIBOR+200 as interest rate

Dec 30, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-546-ITAT-2024(Bang)-TP
  • Tax Payer : IQVIA Analytics Services Pvt Ltd

ITAT: Remits TP adjustment qua notional interest charged on overdue receivables; Follows precedents

Dec 30, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-547-ITAT-2024(Bang)-TP
  • Tax Payer : Softlayer Technologies Pvt Ltd

ITAT: Holds TP adjustment qua outstanding receivables on loans as unsustainable for debt-free assessee

Dec 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-548-ITAT-2024(CHNY)-TP
  • Tax Payer : SAS Hotels & Enterprises Ltd

HC: Dismisses Revenue’s appeals on AMP adjustment, identical issue covered earlier

Dec 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-549-HC-2024(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd

ITAT: Deletes TP-adjustment qua interest on outstanding receivable in case of debt free company-assessee

Dec 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2024(DEL)-TP
  • Tax Payer : Ramboll India Pvt Ltd

ITAT: Admits assessee’s additional evidence filed for purpose of establishing rendition of IGS; Remits issue

Dec 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2024(DEL)-TP
  • Tax Payer : Nefab India Pvt Ltd

ITAT: Deletes TP adjustment qua AMP expenses for HP India Sales; Follows earlier order

Dec 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2024(Bang)-TP
  • Tax Payer : HP India Sales Private Ltd

ITAT: Considers Assessee eligible for Sec. 10AA deduction; Follows earlier order

Dec 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2024(Bang)-TP
  • Tax Payer : EYGBS India Pvt Ltd

ITAT: Directs TPO to prepare fresh TP study in light of adjustment accepted under MAP resolution with US based AEs

Dec 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2024(Bang)-TP
  • Tax Payer : NI Systems India Pvt Ltd

ITAT: Sets-aside AO’s order holding Indian subsidiary as dependent agent PE; Remits matter, TPO to consider additional evidence

Dec 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2024(Bang)-TP
  • Tax Payer : QlikTech International AB C/o QlikTech India Pvt Ltd

ITAT: Remits downward adjustment made in respect of SDT of transfer of power; Follows precedent

Dec 26, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-540-ITAT-2024(Kol)-TP
  • Tax Payer : Orient Paper & Industries Limited

ITAT: Deletes TP-adjustment qua administrative support services; Includes/Excludes comparables for research, engineering support services

Dec 26, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-541-ITAT-2024(DEL)-TP
  • Tax Payer : Corteva Agriscience India Pvt Ltd

ITAT: Excludes comparables for ITeS-provider citing functional dissimilarity, etc; Adopts interest on receivables @LIBOR+200

Dec 24, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-535-ITAT-2024(HYD)-TP
  • Tax Payer : Macromill Research India LLP

ITAT: Holds CIT(TP) erred in invoking 263 jurisdiction w.r.t power-price for transactions with AE

Dec 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2024(CHNY)-TP
  • Tax Payer : K G Denim Limited

ITAT: Deletes TP addition qua IT fees on protective basis as settled under MAP resolution

Dec 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2024(Bang)-TP
  • Tax Payer : LM Wind Power Blades (India) Pvt. Ltd.

ITAT: Remits TP-adjustment qua corporate services; Assessee to substantiate rendition of services

Dec 23, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2024(Bang)-TP
  • Tax Payer : Bosch Automotive Electronics India Pvt. Ltd

ITAT: Deletes AMP adjustment for L’Oreal India; Follows earlier-order

Dec 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2024(Mum)-TP
  • Tax Payer : L’oreal India Pvt. Ltd

HC: Sets aside AO’s order, passed after ITAT's remand, without passing draft order u/s.144C

Dec 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-533-HC-2024(P & H)-TP
  • Tax Payer : Mavenir India pvt ltd

ITAT: Rejects recharacterization of CCDs as equity, holds assessee's 11% coupon rate at ALP

Dec 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2024(CHNY)-TP
  • Tax Payer : Stahl India Pvt Ltd

HC: Holds further proceedings u/s.153 time-barred, no order passed after ITAT's remand

Dec 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-529-HC-2024(DEL)-TP
  • Tax Payer : Huawei Telecommunications (India) Company Private Limited