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ITAT: Accepts assessee’s plea w.r.t. comparables’ selection; Follows precedents

Apr 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2023(Mum)-TP
  • Tax Payer : Datamatics Global Services Ltd

ITAT: Excludes Infosys Ltd as comparable under SWD service segment, allows working capital adjustment

Apr 10, 2023
  • In Favour of Revenue
  • Citation Number : TS-204-ITAT-2023(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited

ITAT: Dismisses assessee’s appeal as withdrawn in light of India-US MAP resolution

Apr 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-206-ITAT-2023(Bang)-TP
  • Tax Payer : Target Corporation India P Ltd

ITAT: Rejects assessee's plea for employee cost normalization adjustment; Applies upper turnover filter under SWD segment

Apr 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-205-ITAT-2023(Bang)-TP
  • Tax Payer : Indegene Pvt Ltd

ITAT: Rejects Revenue's recharacterization of Timex India as SWD service provider; Remits AMP-adjustment

Apr 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-202-ITAT-2023(DEL)-TP
  • Tax Payer : Timex Group India Limited

ITAT: Holds LIBOR benchmarking appropriate for interest on AE-loan; Deletes TP-adjustment

Apr 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-201-ITAT-2023(Kol)-TP
  • Tax Payer : Eveready Industries India Ltd

ITAT: Treats special loan transaction separate and distinct from loan simplicitor; Follows precedents

Apr 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Chemicals Limited

ITAT: TPO's finding w.r.t non-receipt of management services erroneous, deletes TP-adjustment

Apr 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2023(PUN)-TP
  • Tax Payer : Benteler Automotive India Private Limited

ITAT: Rules on comparables' selection under SWD / ITeS segments, follows precedents

Apr 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-199-ITAT-2023(Bang)-TP
  • Tax Payer : Tangoe India Softek Services Private Limited

ITAT: Accepts assessee’s aggregate approach qua sale of imported and assembles products; Deletes AMP adjustment

Apr 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-194-ITAT-2023(Mum)-TP
  • Tax Payer : Gigabyte Technology (India) Private Ltd

ITAT: Deletes excess AMP expenditure, excludes comparables, dismisses assessee’s appeal as infructuous

Apr 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-193-ITAT-2023(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd

ITAT: Holds TP-provisions inapplicable to income covered under Tonnage Tax Scheme; Follows precedent

Apr 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-197-ITAT-2023(Kol)-TP
  • Tax Payer : Sarat Chatterjee & Co VSP Pvt Ltd

ITAT: Remits ALP determination qua management service charges citing assessee’s failure to provide evidence

Apr 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-196-ITAT-2023(CHNY)-TP
  • Tax Payer : TENOVA India Pvt Ltd

ITAT: Margin accepted under MAP w.r.t interest on delayed Swiss AE-receivables applicable to non-AE transactions also

Apr 03, 2023
  • In Favour of Assessee
  • Citation Number : TS-195-ITAT-2023(Bang)-TP
  • Tax Payer : ABB Global Industries & Services P Ltd

ITAT: Upholds 0.5% guarantee fee following earlier order; Remits benchmarking interest on AE advances

Mar 31, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-190-ITAT-2023(Mum)-TP
  • Tax Payer : Hindalco Industries Ltd

ITAT: Upholds deletion of TP-adjustment qua commission for procurement, assignment of contract w.r.t offshore drilling

Mar 31, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-191-ITAT-2023(Mum)-TP
  • Tax Payer : Transocean Drilling Services (I) Pvt Ltd

ITAT: Benefit of tolerance-range available even with a single comparable, Follows earlier order

Mar 31, 2023
  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2023(Kol)-TP
  • Tax Payer : Philips India Limited

ITAT: Dismisses assessee’s appeal for want of removal of defects in an ex-parte order

Mar 30, 2023
  • In Favour of Revenue
  • Citation Number : TS-934-ITAT-2022(CHNY)-TP
  • Tax Payer : Slam Clothing Pvt Ltd

ITAT: Rejects segmental allocation of employee cost citing maintenance of separate records; Rules on comparables

Mar 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-189-ITAT-2023(DEL)-TP
  • Tax Payer : WSP Consultants India Pvt Ltd

ITAT: Upholds fixing guarantee commission @0.35%, internal CUP qua brokerage, levying mark-up on expense reimbursement

Mar 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-188-ITAT-2023(Mum)-TP
  • Tax Payer : Macrotech Developers Limited