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ITAT: Rules on comparables, remits margin computation for captive service provider; Follows Precedents

Mar 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-187-ITAT-2023(Bang)-TP
  • Tax Payer : EMC Software and Services India P Ltd

ITAT: Deletes BLT based AMP adjustment in RayBan's case in second round of proceedings

Mar 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-184-ITAT-2023(DEL)-TP
  • Tax Payer : Ray Ban Sun Optics India Pvt Ltd

ITAT: Deletes TP-adjustment qua SDTs considering omission of Sec 92BA(i); Follows precedents

Mar 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2023(CHNY)-TP
  • Tax Payer : Voora Property Developers Pvt Ltd

ITAT: Accepts CUP as MAM for Lenovo India's manufacturing segment; Follows earlier-order

Mar 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-186-ITAT-2023(Bang)-TP
  • Tax Payer : Lenovo (India) Private Ltd

ITAT: Upholds DRP’s adoption of interest @LIBOR+2%; Affirms exclusion of Infosys, L&T Infotech as comparables

Mar 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2021(HYD)-TP
  • Tax Payer : Prithvi Information Solutions Ltd.

ITAT: Companies cannot be excluded by merely citing different-FY, high/low turnover; Remits risk-adjustment plea

Mar 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-182-ITAT-2023(DEL)-TP
  • Tax Payer : Rampgreen Solutions Pvt Ltd

ITAT: Holds TPO-order barred by limitation; Quashes final assessment-order holding assessee as ‘ineligible’

Mar 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2023(Mum)-TP
  • Tax Payer : Teleperformance Global Services Private Limited

ITAT: Excludes software product companies in SWD segment, remits TP-adjustment qua outstanding receivables

Mar 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-183-ITAT-2023(Bang)-TP
  • Tax Payer : Mavenir Systems Pvt Ltd

ITAT: Excludes 3 comparables under ITeS segment, grants working-capital adjustment; Follows earlier order

Mar 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-178-ITAT-2023(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd

ITAT: Quashes TPO and final assessment orders being time-barred for ‘ineligible assessee’; Follows precedents

Mar 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-179-ITAT-2023(Mum)-TP
  • Tax Payer : Strides Shasun Limited (formerly known as Strides Arcolab Limited)

ITAT: Holds Tubacex not an ‘eligible assessee’ basis TPO order barred by limitation; Follows precedents

Mar 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-180-ITAT-2023(Mum)-TP
  • Tax Payer : Tubacex Prakash India Private Limited

ITAT: Remits on matters of cost allocation and margin computation, Allows working capital adjustment

Mar 24, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-175-ITAT-2023(Bang)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd

ITAT: Remits TP-adjustments qua distribution & SWD segments, royalty payment; Follows earlier order

Mar 24, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-176-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd

ITAT: Deletes AMP adjustment of Rs.125 crores for HP India Sales; Follows earlier order

Mar 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-932-ITAT-2022(Bang)-TP
  • Tax Payer : HP India Sales Private Ltd

ITAT: Remits issues on margin computation, comparables selection issue, working capital adjustment; Follows earlier order

Mar 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-172-ITAT-2023(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd

ITAT: Sets aside issue of comparability for fresh consideration under SDS segment; Follows precedent

Mar 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-173-ITAT-2023(Bang)-TP
  • Tax Payer : Autodesk India Pvt Ltd

SC: Dismisses Revenue’s SLP; Confirms HC order remanding matter for fresh search of comparables

Mar 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-174-SC-2023-TP
  • Tax Payer : Gap International Sourcing India Pvt Ltd

ITAT: Remits TP adjustment w.r.t payment of IT and management support charges, follows earlier order

Mar 22, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-169-ITAT-2023(Bang)-TP
  • Tax Payer : Brady Company India Pvt Ltd

ITAT: Rejects re-characterisation of CCDs as equity; Remits matter for determination of ALP interest at SBI PLR

Mar 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-170-ITAT-2023(Bang)-TP
  • Tax Payer : CAE Flight Training (India) Pvt Ltd

ITAT: Deletes TP adjustment, variation between TPO's ALP and transaction price less than 3%

Mar 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-171-ITAT-2023(Kol)-TP
  • Tax Payer : Zacks Research Pvt Ltd