Updates ( 8211 results )
ITAT: Remits TP-adjustment qua guarantee fee for examining assessee's 'interest saved approach' under 'other method'
May 11, 2023
- In Favour of Both, Partially
- Citation Number : TS-269-ITAT-2023(Mum)-TP
- Tax Payer : JSW Steel Ltd
ITAT: Adjudicates issue qua validity of time-barred assessment orders, follows precedents
May 10, 2023
- In Favour of Both, Partially
- Citation Number : TS-264-ITAT-2023(CHNY)-TP
- Tax Payer : Eaton Power Quality Pvt Ltd
ITAT: Quashes revisionary jurisdiction u/s 263 assumed on wrong premise; Follows precedent
May 10, 2023
- In Favour of Assessee
- Citation Number : TS-266-ITAT-2023(DEL)-TP
- Tax Payer : Shri Durga Loha Bhandar Pvt Ltd
HC: Dismisses Revenue’s appeal w.r.t comparables selection, treatment of FOREX fluctuation; Follows Softbrands ruling
May 10, 2023
- In Favour of Assessee
- Citation Number : TS-720-HC-2021(KAR)-TP
- Tax Payer : Subex Limited
ITAT: Deletes TP-adjustment towards corporate guarantee fees; Follows precedents
May 09, 2023
- In Favour of Assessee
- Citation Number : TS-263-ITAT-2023(Ahd)-TP
- Tax Payer : Suzlon Energy Limited
HC: Dismisses Revenue’s appeal qua TP-adjustment for management fees sans substantial question of law; Follows earlier order
May 09, 2023
- In Favour of Assessee
- Citation Number : TS-260-HC-2023(CAL)-TP
- Tax Payer : Landis GYR
ITAT: Deletes AMP-adjustment for L’oreal India absent international-transaction, applies rule of consistency
May 09, 2023
- In Favour of Assessee
- Citation Number : TS-262-ITAT-2023(Mum)-TP
- Tax Payer : L’Oreal India Pvt Ltd
ITAT: Determines corporate-guarantee commission @ 0.5%, fixes interest on delayed receivables @ 6%
May 09, 2023
- In Favour of Both, Partially
- Citation Number : TS-261-ITAT-2023(HYD)-TP
- Tax Payer : Aurobindo Pharma Ltd.
ITAT: Accepts ERP implementation cost at ALP, rejects ‘Nil’ ALP; Follows earlier order
May 08, 2023
- In Favour of Assessee
- Citation Number : TS-257-ITAT-2023(Mum)-TP
- Tax Payer : Ciba India Ltd.
ITAT: Upholds ALP interest on outbound loan basis currency of repayment; Restricts guarantee commission at 0.53%
May 08, 2023
- In Favour of Assessee
- Citation Number : TS-258-ITAT-2023(HYD)-TP
- Tax Payer : GKC Projects Limited
ITAT: Quashes TPO’s order being time barred by a day, holds assessee ‘ineligible’; Follows precedents
May 08, 2023
- In Favour of Assessee
- Citation Number : TS-259-ITAT-2023(Mum)-TP
- Tax Payer : World Sport Group Pvt Ltd
ITAT: Deletes adhoc adjustment qua management-services sans prescribed method; Remits bank guarantee adjustment plea
May 05, 2023
- In Favour of Both, Partially
- Citation Number : TS-254-ITAT-2023(Mum)-TP
- Tax Payer : Kongsberg Maritime CM India Pvt Ltd
ITAT: Directs assessee to demonstrate requisite tests for IGS, remits TP-adjustment following earlier order
May 05, 2023
- In Favour of Assessee
- Citation Number : TS-255-ITAT-2023(Mum)-TP
- Tax Payer : Ingredion India Pvt Ltd
ITAT: Upholds Revenue's benchmarking of interest on FCCDs @ LIBOR+200bps, follows Watermarke ruling
May 05, 2023
- In Favour of Revenue
- Citation Number : TS-256-ITAT-2023(HYD)-TP
- Tax Payer : Fairfield Developments Limited
ITAT: Determines ALP at Nil for IGS, citing assessee’s failure to demonstrate need and receipt of such services
May 04, 2023
- In Favour of Revenue
- Citation Number : TS-251-ITAT-2023(CHNY)-TP
- Tax Payer : International Flavours Fragrances India Pvt Ltd
ITAT: Dismisses assessee’s TP related appeal in view of MAP resolution
May 04, 2023
- In Favour of Both, Partially
- Citation Number : TS-252-ITAT-2023(Bang)-TP
- Tax Payer : Intuit India Product Development Centre Pvt Ltd
ITAT: Upholds TNMM as MAM, dismisses ‘Nil’ ALP of brand/ management fee; Follows Precedents
May 04, 2023
- In Favour of Assessee
- Citation Number : TS-253-ITAT-2023(Kol)-TP
- Tax Payer : Apollo Gleneagles Hospitals Ltd
ITAT: Observes ‘inherent inconsistency’ in comparability analysis qua advertising services; Directs fresh comparability analysis
May 03, 2023
- In Favour of Both, Partially
- Citation Number : TS-248-ITAT-2023(Mum)-TP
- Tax Payer : Publicis Communication P Ltd
ITAT: Deletes TP-adjustment qua procurement cost citing acceptance of mirror transaction for AE; Follows precedents
May 03, 2023
- In Favour of Assessee
- Citation Number : TS-249-ITAT-2023(Mum)-TP
- Tax Payer : Tecnimont SPA India Office
ITAT: Admits additional ground, quashes TPO's and final assessment orders being barred by limitation
May 03, 2023
- In Favour of Assessee
- Citation Number : TS-250-ITAT-2023(Mum)-TP
- Tax Payer : Bristol-Myers Squibb India Private Limited